Michael Weinig acquires remaining shares in Weinig Grecon

Michael Weinig AG has acquired remaining shares in Weinig Grecon GmbH & Co. KG following a meeting on September 16 in Tauberbischofsheim, Germany.

The acquisition brings its manufacturing subsidiary solely under Michael Weinig’s management. In 1998, the company bought 60% shares in Weinig Grecon GmbH & Co. KG, a specialist in finger-jointing and jointing technology based in Alfeld, Germany.

The consolidation strengthens Weinig’s market position as a complete provider in solid-wood processing and drives forward its brand strategy, the company said in a press release.