Stiles Machinery announced that it will no longer continue its exclusive partnership with The Altendorf Group, effective Jan. 1, 2019.
Stiles has been the exclusive distributor of Altendorf sliding table saws since the 1980s.
“Changes in Altendorf’s shareholder structure in November 2017 have led management to pursue a new strategy that will establish the company as a multi-product brand for craftsmen,” according to a statement from Stiles.
“The decision to end the exclusive relationship with Altendorf was mutually agreed upon, and in the best interest of both companies, who have each expressed different strategic goals for their future. Altendorf seeks to expand their own global footprint in the USA, while Stiles will continue to uphold their reputation as the industry’s leading provider of advanced manufacturing solutions to support their customers’ success in every area of their business.”
Stiles says it will continue to sell and service Altendorf machinery.
For more, visit www.stilesmachinery.com.