Woodworking machine manufacturer Accu-Systems' assets, inventory, receivables and intellectual property have been acquired by Pillar Machine, a company owned by the son of Accu-Systems' founder.
Felder Group of Tirol, Austria, unveiled 33 new or significantly updated machines at LIGNA 2013 earlier this month. At LIGNA, the company also inked a contract to exhibit at the fall Woodworking Machinery & Supply Expo (WMS).
Homag Group AG, a world leader in the manufacturer of woodworking machinery, posted a profit of EUR 12.7 million ($16.4 million) in its fiscal year 2012, reversing the loss of EUR 4.7 million ($6.1 million) it sustained one year earlier.