Extrusion International 4-2024-USA

12 Extrusion International 4/2024 INDUSTRY NEWS Acquisition  The GINDUMAC Group, a lead - ing B2B transaction platform for ma- chine trading in Europe, retroactively acquires the family-owned company Wehrmann GmbH & Co. KG from Barntrup/Germany as of January 1, 2024. Wehrmann has a tradition of over 80 years in the woodworking industry and has consistently posi - tioned itself as a global B2B platform for woodworking machines, special machines, and services since 2010. With this acquisition, GINDUMAC is actively advancing its platform strategy by expanding its range and business model in the field of wood- working machines. For the family- owned company Wehrmann, the takeover ensures a secure succes- sion plan and provides a long-term future perspective for the employ - ees at the Barntrup site. During the takeover phase, Weh- rmann and GINDUMAC will fo- cus on independence, continuity, and the digital platform strategy. Wehrmann will continue to operate as an independent legal entity and brand. The proven range of services will bemaintained, and existing busi- ness relationships with customers, suppliers, and partners will be stra- tegically strengthened. At the same time, the already successful platform strategy will be expanded, and a closer connection with GINDUMAC's B2B portals will be a focus. The current managing director of Wehrmann GmbH & Co. KG, Agne Odenram, will continue to lead the operational business in the future. Daniel Kaiser and Benedikt Ruf, Co- CEOs of the GINDUMAC Group, will expand the management team and primarily focus on expanding the B2B platform business for the wood- working industry. Agne Odenram, Managing Direc - tor of Wehrmann GmbH & Co. KG, on the new future direction: "For me, it was particularly important to find a new owner with high in- novative power for the enormous potential of our traditional com - pany Wehrmann. With GINDUMAC, we have found the perfect and ex- tremely digital platform partner to take the necessary steps in digiti- zation and modernization to make Wehrmann future-proof. With a clear commitment to the Barntrup location and the introduction of in - ternational platform expertise, the takeover by GINDUMAC creates a strong foundation to grow as a pro- gressive employer from the region." Daniel Kaiser, Co-CEO of GINDU- MAC, emphasizes the strategic im - portance of the acquisition: "The acquisition of Wehrmann is a deci - sive milestone in our growth strat- egy. This takeover enables us to effi- ciently tap into the market segment of woodworking machines. At the same time, we can strategically di- versify our service offerings within the GINDUMAC Group through stor - age, maintenance, and assembly ser - vices. This brings our B2B machinery platform to a new dimension." Benedikt Ruf, Co-CEO of the GIN- DUMAC Group, on the platform strategy: "We are convinced that combining our platform expertise with Wehrmann's longstanding ex- perience in the woodworking ma- chinery sector will unleash signifi- cant synergies. We will leverage the strong business partnerships with Wehrmann's customers, suppliers, and partners and generate new growth with the global GINDUMAC network. GINDUMAC has grown significantly organically since 2020. Now we are undertaking our first acquisition to establish a new seg- ment in our global platform." GINDUMAC www.gindumac.com Wehrmann www.wehrmann-maschines.de The GINDUMAC x Wehrmann Management Team: From left to right, Daniel Kaiser (Co-CEO, GINDUMAC Group), Agne Odenram (Managing Director, Wehrmann), and Benedikt Ruf (Co-CEO, GINDUMAC Group) During the takeover phase, Wehrmann and GINDUMAC will focus on independence, continuity, and the digital platform strategy