The textile machinery manufacturer Karl Mayer Textilmaschinenfabrik GmbH, Obertshausen/Germany, acquired the manufacturer of flat knitting machines H. Stoll AG & Co. KG, Reutlingen/Germany, on February 26, 2020.
The merger was officially completed on July 1, 2020.
The established Stoll brand broadens the portfolio of Karl Mayer by competencies in the field of flat knitting. It will be continued and further developed as an independent business unit within the corporate group.
The joint growth is now also emphasized by a relevant addition to the name of 2 of the German Karl Mayer companies. Effective from August 12, 2020, Karl Mayer Textilmaschinenfabrik GmbH will be operating under the name of Karl Mayer Stoll Textilmaschinenfabrik GmbH, and Karl Mayer R&D GmbH will be trading as Karl Mayer Stoll R&D GmbH.