Komar Industries, a designer and manufacturer of industrial waste and recycling processing systems, has acquired Maren Engineering Corporation, an equipment manufacturer and technology innovator in baling and shredding systems.
“Maren has been a leader in the industry since 1962 with its highly engineered and efficient balers and shredders,” said Mark Koenig, Komar’s president and chief executive officer. “Bringing Maren into the Komar family enhances the value and service provided to our customers and helps them optimize their most challenging recycling and waste applications.”
Maren will continue to be led by its existing leadership team, who will become shareholders in the combined organization as part of the transaction. The respective leadership teams see tremendous value in leveraging each company’s capabilities to drive further innovation within the waste and recycling industry.
Published in the April 2023 Edition