Komar makes 3rd acquisition - Recycling Today

Oct 21, 2024

DeAnne Toto, Editorial Director

Komar Industries, a Groveport, Ohio-based manufacturer of industrial waste and recycling processing systems, including a full range of shredding and compaction equipment, has announced the acquisition of Maren Engineering Corp. of South Holland, Illinois. Maren manufactures baling and shredding systems and was established in 1962.

This is the third acquisition that Komar has announced since December of last year. The company announced its purchase of Bace, a Charlotte, North Carolina-based manufacturer of balers and compactors, in December 2022 and its purchase of Philadelphia-based PTR Baler & Compactor Co. (PTR), a manufacturer of and service provider for vertical balers, stationary compactors, self-contained compactors and related equipment, in January of this year.

“Maren has been a leader in the industry since 1962 with its highly engineered and efficient balers and shredders,” says Mark Koenig, Komar president and CEO. “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.”

“We are incredibly excited about the growth opportunities that lie ahead for Maren working alongside our new partner Komar,” says Todd Wondrow, Maren owner and president. “Over the past 60-plus years, we have built Maren into one of North America’s premier horizontal baler providers. Our team is thrilled to have found a partner like Komar who shares our core values, culture, quality standards and commitment to our customers and employees.”

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 say they see tremendous value in leveraging each company’s engineering and technological capabilities to drive further innovation within the waste and recycling industry.