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Vollstedt was born in Rendsburg in 1938. After completing his schooling and military service, he started working for the Severin Ahlmann company on 1 April 1960, not in Rendsburg, however, but at the new site in Reith. Barely two years after completing his training, he took over the management of the company at a young age. He interrupted his time in Reith in 1965, for a four-month assignment in the USA.