Homag Group took top honors for Innovation in a new contest judged by registered media at Xylexpo.

The HOMAG Group, the world’s leading manufacturer of plant and machinery for the woodworking industry and for cabinet makers continued its trajectory of profitable growth with a successful first quarter of 2014.

Machines were humming, chips were flying and visitors came in their droves: It was full steam ahead at the Holz-Handwerk in Nuremberg with a new visitor record and an unprecedented degree of interest by joiners and woodworking shops.

Following the successful fiscal year 2013, the HOMAG Group, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers, wants to continue its course for growth in 2014.

HOMAG Group CSO Jürgen Köppel, new Stiles Machinery President and Homag Canada President Christian Vollmers, and Peter Kleinschmidt, former Stiles Machinery president and newly-named Stiles supervisory board member discuss the opportunities and synergies of the two companies following the acquisition announcement.

Calling the acquisition of Stiles Machinery by Germany-based HOMAG Group a win-win situation for not only U.S. woodworkers but those abroad, executives from the two companies met exclusively with Woodworking Network to discuss the February 3 announcement and its ramifications.

Germany's Homag bought out Stiles Machinery, amid a rapidly expanding wood manufacturing business. Stiles 22% growth rate will continue for several years, Homag says. The rosy outlook was confirmed by big turnouts for the 2014 KBIS and Builders Shows this week.