MINNEAPOLIS--(BUSINESS WIRE)--North Central Equity LLC, a Minneapolis based holding company, announced that its subsidiary, Mereen-Johnson LLC, has acquired the business assets of Mereen-Johnson Machine Company, a leading provider of woodworking machinery.
Mereen-Johnson has been setting the standard for woodworking machinery made in the USA since 1905. The company custom designs and manufactures a complete line of woodworking machinery, including rip saws, rip optimizing systems, and material handling systems. The company supplies woodworking machinery to window and door makers, cabinet and furniture manufacturers, and others. The entire product line is complimented by a complete line of replacement parts. The company’s web address is www.mereen-johnson.com.
“I am excited about this acquisition and proud to add this business to our family of companies,” said Elam Baer, the 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.”
About North Central Equity LLC
North Central Equity LLC is a Minneapolis, Minnesota, based privately-owned holding company, established in 2004. It has completed fifteen acquisitions and currently has five operating subsidiaries. The company continues to seek acquisition opportunities.