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.

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