Siempelkamp increases Pallmann stake to 45%

Siempelkamp has recently increased its stake in Pallmann from 25.1% to 45%.

The Krefeld specialist acquired a qualified minority stake in Pallmann Maschinenfabrik GmbH & Co. KG and Ludwig Pallmann Verwaltungsgesellschaft mbH in April 2012, via its subsidiary Siempelkamp Maschinenfabrik Beteiligungs GmbH.

Pallmann is a specialist in machines for size reduction and material preparation for the wood-based products industry. The company recycles residual and waste wood for the wood-based products industry. Its product range complements that of Siempelkamp for the front-end of the line.

 

Source: Siempelkamp/ Edited by Panels & Furniture Asia