Altendorf Group names Schwenk CEO
May 11, 2020 | 9:00 am CDT

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.

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Karl Forth

Karl D. Forth is online editor for CCI Media. He also writes news and feature stories in FDMC Magazine, in addition to newsletters and custom publishing projects. He is also involved in event organization, and compiles the annual FDM 300 list of industry leaders. He can be reached at [email protected]