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HOMAG Group acquires Stiles Machinery

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Photo: Woodworking
Christian Vollmers, right, HOMAG Canada President and Regional Director North America for the HOMAG Group, speaks with a customer at the Stiles display at AWFS in Las Vegas last summer.

HOMAG Group announced it has acquired full ownership of its former US distribution and service partner Stiles Machinery effective Feb. 3, 2014.
“Within our industry, the U.S. is one of the dynamic markets with growth opportunities and is for us of strategic importance,” HOMAG Group ́s CEO Dr. Markus Flik says.
“As market leader in the U.S., we are acquiring the leading distribution and service organization in this industry. Increasing our interest in Stiles, which we have held since 1992, is the only logical step.
“This measure allows us to benefit directly from the anticipated re-industrialization in the US in which we will now play a role on account of our direct market access.”
According to the announcement, HOMAG Group, the world’s leading manufacturer of plant and machinery for the woodworking industry and cabinet makers has increased its share in the voting capital of the U.S. distribution and service company Stiles from 26.7 to 100 percent.
Having a relevant market share in excess of 35 percent, Stiles is the leading distribution and service organization for machines and production lines for the U.S. woodworking industry. With more than 290employees, Stiles generated annual sales revenue of about USD 158 million in 2013.
“We now have a more direct link to our customers in the U.S.,” says Jürgen Köppel, HOMAG Group’s CSO.
“Stiles’ highly qualified sales and service team have built up excellent customer relationships. HOMAG Group engineering with its project expertise allows us to serve the growing U.S. project business more intensively and provide the best possible support to our customers with global operations.”
Peter Kleinschmidt, the owner of Stiles for many years, is pleased that his business is being acquired by the HOMAG Group.
“I know that my life’s achievement is being placed in good hands. I have been cooperating closely with the HOMAG Group for more than 30 years. It is the ideal partner to write the next chapter in Stiles’ success story,” Kleinschmidt says.
With its 15 specialized production companies, 21 group sales and service companies and approximately 60 exclusive sales partners worldwide, HOMAG Group’s position as a complete system supplier is unique. Backed by a workforce of some 5,000 employees worldwide, the company sees itself as the leading global manufacturer of plant and machinery for the woodworking and wood materials processing industry and cabinetmakers active in the production of furniture and construction elements as well as timber frame houses. The group also offers its customers a wide range of services, including software and consulting services.

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