Homag Group’s ceo Dr Markus Flik emphasises: "As market leader in the US, we are acquiring the leading distribution and service organisation in this industry."
Having a relevant market share in excess of 35%, Stiles is the leading distribution and service organisation for machines and production lines for the US woodworking industry. With more than 290 employees, Stiles generated annual sales revenue of about US$158m in 2013.
