Siempelkamp increases its stake in Pallmann to 75%

Siempelkamp Maschinen- und Anlagenbau GmbH increases its stake in Pallmann Maschinenfabrik GmbH & Co. KG, with headquarters in Zweibrücken, Germany, to 75 percent.
Pallman is the specialist for size-reduction technology and preparation systems, which is ideal and important to be added into the range of servies offered by Siempelkamp Group.

For plant operators from the wood-based materials industry, size-reduction equipment and preparation systems belong to the in-demand scope of supply.
The Krefeld machine and plant engineering specialist therefore decided to continue the integration of the company from Zweibrücken. The 45 percent increase in shareholding in Pallmann Maschinenfabrik GmbH & Co. KG and Ludwig Pallmann Verwaltungsgesellschaft mbH, last recorded in the beginning of 2016, was increased by Siempelkamp as of December 15, 2016 to 75 percent.
Source: Lesprom Network