Peter Schwenk joined the Altendorf Group as its new CEO effective April 20.
Schwenk has a history in the machine building industry with substantial experience and knowledge working for companies such as Kannegiesser, PFAFF Industrial AG and EWAG AG (United Grinding Group) as a CEO and further as managing director for the LAPP Group cable harness division. Additionally, as a senior business executive Schwenk has solid track record in international growth-oriented companies.
Altendorf Group’s shareholder Avedon invested in Altendorf in October 2017 with the goal of becoming a market leader in high-quality machinery by joining tradition-rich niche market leaders in complementary product categories.
With the acquisition of Hebrock in late April 2018, Avedon took a second major step in executing this buy and build strategy.
The combination of Altendorf and Hebrock strengthens the individual businesses by joining their respective capabilities in distribution and product development, to continue delivering best-in-class solutions to its customers.
