History

MM Composite was founded in 2011 by Mogens D. Marxen and Kent B. Madsen. However, the expertise and interest in composite production date back to 1979, when Mogens D. Marxen established Marxen A/S. Initially specializing in fiberglass surface treatments as a boat builder, Marxen expanded into the wind turbine industry in 1995, leading to rapid company growth.

1979	Marxen A/S is founded on Funen as a boat builder specializing in surface treatments. The company is domiciled at Industrivej 6, Nr. Aaby, with a branch located in Bogense.
1995	A strategic decision is made to enter the wind turbine industry, and this results in a change of the company. In cooperation with Bonus (now Siemens Gamesa Renewal Energy, SGRE), the serial production of quality composite parts is established. The development and production relocate to Nr. Aaby.
1999	The production of a new type of wind turbine blade is established by Siemens and new production facilities are built in order to handle these new blades.
2000	The company grows and employs around 100 people.
2006	Marxen A/S sells off a part of the company and focuses on the wind turbine industry.
2008	Marxen A/S is bought up by a larger company with the intent to gather some of the subcontractors to the wind turbine industry.
2011	In January 2011, Mogens D. Marxen and Kent B. Madsen buy back the company. Thus, MM Composite is founded.
2012	MM Composite Inc. is established in Fort Madison, Iowa, USA, as a subsidiary company of MM Composite.
2014	MM Composite expands the capacity with new facilities in 5592 Ejby, Denmark.
2015	MM Composite Inc. relocates to new and bigger facilities in Mt. Pleasant, Iowa.
2017	SP Group acquires MM Composite.