In May 2016, Altec purchased Demco Manufacturing, a powerhouse in the plywood industry, located in Diboll, Texas. By combining forces with a fellow lathe and peeling innovator, we can take our company to the next level by focusing on improving veneer quality and recovery while also boosting peeling productivity and efficiency. Altec President Bill Long is now CEO of Demco, while Charles Schmidt remains Demco President. The initial plan is to use Demco to help Altec expand in the Southern U.S. and also take advantage of Demco’s extensive fabrication facilities and capabilities.
Along with giving us more room to grow, the increased space will allow Altec to further expand our research and development efforts, new product development, testing and servicing department and our parts department.