The Altendorf Group has announced a key change to the management board in the guise of Peter Schwenk, its new CEO
Peter has a history in the machine building industry with substantial experience and knowledge working for companies such as Kannegiesser, PFAFF Industrial AG and EWAG AG (United Grinding Group) as a CEO and MD for the LAPP Group cable harness division. Additionally, as a senior business executive Peter has a track record in international growth-oriented companies.
Altendorf Group’s shareholder Avedon invested in Altendorf in October 2017 with the goal of forming the global market leader in high-quality machinery for crafts woodworking, by joining tradition-rich niche market leaders in complementary product categories.
With the acquisition of Hebrock at the end of April 2018, Avedon took a second major step in executing this buy & build strategy. The combination of Altendorf and Hebrock strengthens the individual businesses by joining their respective capabilities in distribution and product development, to continue delivering best-in-class solutions to its customers.