We are delighted to announce that we have taken another step to secure further growth opportunities for Altendorf Group GmbH. Altendorf Group has acquired the Bünde-based family business of Maschinenbau Hebrock GmbH and EBM Maschinenbau GmbH in Hüllhorst (NRW) with effect from 25 April 2018. Hebrock has developed and manufactured 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.
Implementation of Altendorf Group’s growth strategy, developed by Altendorf in conjunction with Avedon Capital Partners in 2017, has taken a further step forward with the Hebrock acquisition, which will see premium-segment machinery offered for the global craft trades in the manufacture of board furniture under the Altendorf Group umbrella. Hebrock edge banders are one of the leading brands in their segment, while Altendorf is the global market leader in sliding table saws. There is already a great deal of overlap between both manufacturers’ sales activities, which will be able to operate as a single entity in future. Hebrock will be able to tap completely new markets in some regions, while Altendorf Group will continue to expand on the world stage thanks to the extension of its product range to include edge banding machines.
It was important to us and the Hebrock family to ensure continuity in the company’s management. Anja Hebrock-Kiel and Frank Hebrock, the children of company founder Horst Hebrock, are remaining at the company to provide their expertise. In addition, all employees at the company’s Bünde and Hüllhorst sites will be retained, thereby ensuring that business will continue to operate smoothly.
Altendorf Group and the Hebrock family are both of the view that the merger will bring significant synergies in their efforts to satisfy the needs of the market. Given their almost identical target groups, a joint, future-oriented strategy covering sales, development, procurement and marketing activities will offer significant benefits for both businesses.
We are delighted that we have taken a further significant step towards our future to the benefit of all our employees and partners. We look forward to a mutually successful and prosperous future together!