The Altendorf Group has taken over Maschinenbau Hebrock GmbH and EBM Maschinenbau GmbH, based in Bünde and Hüllhorst respectively. The formal acquisition takes effect from April 25.
Hebrock, a family-owned business that manufactures edge banding machines since 1980, will see its family members continuing in the business.
Said Horst Hebrock, founder of Hebrock, “We have had friendly relations with the Altendorf Group for many years and know that growth orientation is the right way to meet the challenges of the future. My daughter, Anja, and son, Frank, will continue to manage the business in line with the family mindset.”
The value of the acquisition is subject to a confidentiality agreement and remains unknown.
“Our single product focus has defined Hebrock for almost four decades. We operate in the same target markets as Altendorf and will undoubtedly be able to achieve many synergies together. A joint, future-oriented strategy that addresses both product distribution and development can only benefit both companies,” said Anja Hebrock-Kiel and Frank Hebrock, Hebrock’s children, in a joint statement.
Joerg F. Mayer, Director of Altendorf Group, said he sees great potential for synergies between the two companies and that sales can be operated as a single entity, opening up new markets for Hebrock.
To ensure continuity, all employees at the Bünde and Hüllhorst sites will be retained.
Wolfgang Ruhnau, director of Altendorf Group, regards the acquisition of Hebrock as a key element of the growth strategy that Altendorf has jointly developed with Avedon Capital Partners and is now gradually implementing.
He said, “At Altendorf, we understand what the craftsmen worldwide require from their machinery in order to produce high-quality furniture from panel-based materials. We also know where investment is necessary, and we strive to satisfy the needs of our globally significant target market. We are delighted that Hebrock is now joining us on this journey.”
Avedon Capital Partners holds a majority stake in Altendorf Group.