GERMANY – Avedon Capital Partners (Avedon), an experienced capital investor, informed that it has acquired a majority stake in Wilhelm Altendorf GmbH & Co. KG (Altendorf Group), the globally leading manufacturer of table saws for craft processing of wood, metal and plastics located in Minden, Germany.
Altendorf’s managing directors Joerg F. Mayer (43) and Wolfgang Ruhnau (48) acquired a minority stake in the company while the Altendorf family, most recently active in the third and fourth generation as shareholders and in the company's management or advisory board, is completely withdrawn from the company.
The Altendorf Group, headquartered in Minden, Westphalia, is the world market leader for the production of saws for wood, metal and plastics processing. The company employs more than 250 people worldwide and has achieved steady growth over the past few years. In 2016, the Altendorf Group reported sales of around EUR 40 million.