GERMANY - Altendorf Group GmbH, the world’s leading manufacturer of sliding table saws, has acquired Maschinenbau Hebrock GmbH, a family-owned manufacturer based in Bünde (Germany), with effect from 25 April 2018.

Hebrock develops and manufactures 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 that holds a majority stake in Altendorf Group since late 2017. The purchase price of the acquisition is subject to a confidentiality agreement.

After 38 years, Horst Hebrock is transferring the company that he founded to Altendorf Group, safe in the knowledge that the company will be in good hands. “We have had friendly relations with Altendorf Group for many years and know that growth orientation is the right way to meet the challenges of the future. My daughter, Anja, and son, Frank, will continue to manage the business in line with the family mindset,” he said.

Joerg F. Mayer, Director of Altendorf Group, added: “As Altendorf Group, we aim to offer premium machinery for the craftsmen in panel-based furniture manufacturing. Hebrock edgebanders are among the leading brands in the segment, and we see the greatest potential for synergies in respect of procurement, sales and marketing.”