Demco and a group of investors acquired Maurer Mfg. from Bob and Peg Maurer back in 2000. At that time, Lakes Enterprises was formed and operated with the brand name of Maurer Mfg. Since that time, Demco and Maurer each operated as separate companies with individual management teams for either company, while at the same time sharing many resources between the companies when possible. In 2015, Demco has acquired the balance of the stock of Maurer Mfg. from Lakes Enterprises. With this acquisition now complete, Demco has purchased Maurer Mfg. in its entirety.

Demco will continue to operate the manufacturing facility in Boyden, Iowa, and the Maurer Mfg. facility in Spencer, Iowa.