MINNEAPOLIS - Mereen-Johnson LLC, a manufacturer of industrial woodworking equipment, has been acquired by North Central Equity LLC (NCE), a private holding company also based in Minneapolis.
Mereen-Johnson, founded in 1905, specializes in solid wood equipment and systems. Its product line includes ripsaws, wood optimizing systems, material handling equipment and CNC dovetailers used by manufacturers of window and door, cabinet, furniture and other secondary wood product manufacturers. A long time member of the Wood Machinery Manufacturers of America (WMMA), Mereen-Johnson also inventories a complete line of replacement parts.
North Central Equity has made 15 acquisitions since being established in 2004. NEC's diversified subsidiaries include M and M Tool and Mold, a producer of specialty plastic-injection molds, Corporate Technologies, a computer hardware and software reseller and provider of IT support and troubleshooting services; and J.R. Johnson Supply, a distributor of horticultural products to flower and vegetable growers.
“I am excited about this acquisition and proud to add this business to our family of companies,” said Elam Baer,CEO of North Central Equity. “We look forward to supporting and expanding Mereen-Johnson’s strong customer relationships and reputation for top-of-the-line woodworking machinery as we pursue continued growth in the business. This acquisition was an ideal match for our strategic goal of expanding our manufacturing operations.”
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