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.