Wednesday, December 4, 2019
Mereen-Johnson acquires equipment maker Diehl Machines and enhances business in the market. Companies adopt several strategies to grow and expand business. Mergers and acquisition are a common way of improving business in a proper way. It not only expands the business reach, but also enhances the production level as the company is now able to make use of the skill set and technology of the acquired company. Recent announcement by Mereen-Johnson, on their acquisition of Diehl Machines, a Wabash, Indiana, manufacturer of industrial woodworking equipment will soon fine tune performance and accelerate business for the respective brand.
“We believe the acquisition of Diehl Machines gives us the opportunity to add a complimentary line of products to our portfolio,” said Paul Wilmes, CEO of Mereen-Johnson. “We also see great potential for growth with new products and innovation from the Diehl line.” Mereen-Johnson also manufactures a line of heavy-duty industrial production machinery, primarily geared to the wood industry, but increasing used in the cutting of composites, plastics, aluminum and many other materials.
“Like Mereen-Johnson, Diehl has a history going back over 100 years and is well-known in the industry for manufacturing high quality, long lasting machinery,” said Wilmes. “As a result, we intend to keep the Diehl name on the line of products we are acquiring as well as develop plans for growing it in the future.”
Mereen-Johnson manufactures stationary and moving blade multiple rip saws, rip optimizing and material handling systems, single and double end tenoners, CNC dovetailers, panel cutting systems, I-joist and other structural wood production lines, ceiling tile production equipment, Door Sizing Lines, and has the engineering capability to design and build complete rough mill systems integrated with vision optimizing systems.
News source: woodworking network
Tags: Diehl Machines, mereen johnson, mergers and acquisition, technology, woodworking euqipment manufacturere
