Homag Group continues expansion of its solid wood segment with the appointment of Dr. Daniel Schmitt as a new board member specifically responsible for this business. Daniel Schmitt will head the Solid Wood Processing business unit from July 1, 2021, with which Homag intends to establish itself as a leading technology partner for sustainable construction with solid wood.
In addition to the subsidiary Weinmann, Homag’s solid wood business also includes the two most recently acquired Danish companies System Tm and Kallesoe. Mainly manufacturers of construction elements for sustainable wooden houses are supplied. In this rapidly growing sector, Homag intends to significantly expand its market share from currently 10 percent. In the current year, sales in the solid wood segment are expected to rise to well over 100 million of euros.
The ceo Ralf W. Dieter emphasizes: “We want to become the leading system supplier for wood construction and develop the solid wood business into a second pillar alongside our activities with the furniture industry. The strengthening of our management team shows how important this new area is to us”.
Gerhard Federer, chairman of the Supervisory Board of Homag: “The Homag Group is very dynamic and in order to cope with the diversity of strategic and operational issues in the long term, an expansion of the Executive Board is necessary. With Dr. Daniel Schmitt, we were able to win a proven expert with great system and technology competence. He is an excellent team player and has proven that he can bundle strengths and expand new areas of business”.
Daniel Schmitt will manage the solid wood business together with the management teams from Weinmann, System Tm and Kallesoe. In addition, he will be responsible for the cnc technology business unit and quality management on the Executive Board. “The trend towards sustainability means that – explains Schmitt – more and more buildings are made of wood. With Weinmann’s strong position and recent acquisitions, Homag is well positioned to to grow vigorously in the solid wood sector. My goal is to bring out the strengths of the newly formed Solid Wood Processing division while maintaining the flexibility and customer proximity of the companies operating in it”.
