Monday, April 30, 2018
Minden-based Altendorf Group GmbH, one of the world’s leading manufacturers of sliding table saws, has acquired Maschinenbau Hebrock GmbH, a family-owned manufacturer based in Bünde (Germany), as well as EBM Maschinenbau GmbH of Hüllhorst (also Germany), with effect from 25 April 2018. Hebrock develops and manufactures high-quality edge banding machines since 1980, with distribution channels in over thirty countries. Altendorf Group’s strategy of combining complementary, traditional businesses to achieve growth is supported by Avedon Capital Partners of Düsseldorf, a specialist investor in medium-sized companies which has held a majority stake in Altendorf Group since late 2017. The purchase price of the acquisition is subject to a confidentiality agreement.
“We have had friendly relations with Altendorf Group for many years and know that growth orientation is the right way to meet the challenges of the future. My daughter, Anja, and son, Frank, will continue to manage the business in line with the family mindset,” Horst Hebrock said.
Joerg F. Mayer, Director of Altendorf Group, added, “As Altendorf Group, we aim to offer premium machinery for the craftsmen in panel-based furniture manufacturing. Hebrock edge banders are among the leading brands in the segment, and we see the greatest potential for synergies in respect of procurement, sales and marketing.”
Wolfgang Ruhnau, Director of Altendorf Group, regards the acquisition of Hebrock as a key element of the growth strategy that Altendorf has jointly developed with Avedon Capital Partners and is now gradually implementing. “At Altendorf, we understand what the craftsmen worldwide require from their machinery in order to produce high-quality furniture from panel-based materials. We also know where investment is necessary, and we strive to satisfy the needs of our globally significant target market. We are delighted that Hebrock is now joining us on this journey.”
Tags: altendorf, Hebrock, panel-based furniture manufacturing, sliding table saws
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