MINDEN, Germany -- Altendorf Group has announced that Peter Schwenk has joined the Altendorf Group as the new CEO.
Schwenk 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 (United Grinding Group) as a CEO and further as managing director for the Lapp Group cable harness division. Additionally, as a senior business executive Schwenk 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 companies 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. See https://www.altendorfgroupamerica.us/en/home.html
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