Altendorf Group announces new CEO

Mr. Peter Schwenk has joined the Altendorf Group as its new CEO, effective 20 April, 2020. 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.

Additionally, as a senior business executive, Peter holds a solid 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 and build strategy. The combination of Altendorf and Hebrock strengthens the individual businesses by joining their respective capabilities in distribution and product development.



Comment here