GROVEPORT, Ohio & PHILADELPHIA--(BUSINESS WIRE)--Komar Industries (“Komar”), a leading designer and manufacturer of industrial waste and recycling processing systems, announced today that it has acquired PTR Baler and Compactor Company (“PTR”), a leading equipment manufacturer, technology innovator and national service provider for vertical balers, stationary compactors, self-contained compactors and related equipment.
“PTR has been a leader in the waste processing equipment industry for over 50 years with high-quality products and a customer-focused orientation,” said Mark Koenig, Komar’s President and CEO. “Bringing PTR into the Komar family enhances the value and service provided to our customers and optimizes their most challenging waste and recycling applications.”
“We are incredibly excited about the growth opportunities that lie ahead for PTR working alongside our new partner Komar,” said Mike Savage, PTR’s CEO and President. “Over the past 50 plus years, we have built PTR into one of North America’s premier baler and compactor providers with an unwavering commitment to equipment safety and providing the highest quality products available on the market. 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.”
PTR 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 engineering and technological capabilities to drive further innovation within the waste and recycling industry.
About Komar
Headquartered in Groveport, OH, Komar is a leading designer and manufacturer of industrial waste and recycling processing systems. Komar specializes in auger processing technology and provides a comprehensive portfolio of products, including auger compactors, industrial shredders, continuous feed systems, flatteners / dewatering systems and organic separation presses. Established in 1977, Komar's products enable its customers to improve their processing of waste streams (e.g., corrugate, wood, e-waste, organics) while reducing their carbon footprint and their transportation, energy, maintenance, and labor costs.
About PTR
Headquartered in Philadelphia, Pennsylvania, PTR was originally founded in 1907 as a manufacturer of monorails and meat track systems for the food industry. Bob Reithmiller changed the direction of the company in 1968 by building its first baler and today PTR specializes in the design and manufacture of balers, stationary compactors, self-contained compactors serving a diversified base of blue-chip customers. In just the last 30 years, PTR has produced and sold upwards of 60,000 balers & compactors across the United States.
