Commemorating Weinig's purchase of Holz-Her
are Stefan Krebs, head of Holz-Her's
international marketing, left; Walter Fahrenchon,
Weinig chairman; Frank Epple, Holz-Her's
director of sales; and Klaus Muller, Weinig's
communications manager.


TAUBERBISCHOFSHEIM, GERMANY – Following up on its announced purchase of Holz-Her on April 1, Weinig AG said owning Holz-Her furthers its strategic growth plans.

Dr. Thomas Bach, chairman of Weinig said, “With this step, Weinig has shown its determination not only to retain, but to expand its leading market position specifically in this difficult economic climate. The Kuwaiti shareholders fully support this investment in the future of the company."

According to the company’s press release, “The latest acquisition marks a return of Weinig to its growth strategy which had been interrupted by the economic crisis. In the past Weinig had completed its solid wood process chain through consistent integration of key companies such as Waco, Dimter, Grecon, Raimann and Luxscan. The acquisition of Holz-Her adds a proven specialist for panel processing machines.”

Holz-Her will be managed under the umbrella of the Weinig Group as an independent business and production division with its own brand presence.

"The core competence of Weinig is solid wood. We will remain true to this strategic direction" said Walter Fahrenschon, chairman of the board of management. "Holz-Her is a prime manufacturer with a great deal of potential, know-how and international deployment."

In its press release, Weinig indicated that the financially-strapped Holz-Her will benefit from its new owner. “As a globally established market leader, Weinig can offer the newly integrated company an ideal platform to market its attractive product portfolio successfully once more. However, Weinig also wishes to profit technically from Holz-Her, particularly in the fields of CNC processing centers as well as edge and cutting capabilities. Synergy potential for the future has been identified in production and materials management as well as services such as marketing and human resources.”

"The customer will certainly be the winner from this new partnership," Fahrenschon said. "Holz-Her is a brand which represents a piece of German engineering. We are pleased to be able to secure the future of this long-standing name."

 

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