The textile machinery manufacturer Karl Mayer Textilmaschinenfabrik GmbH, Obertshausen/Germany, has concluded an agreement to acquire the manufacturer of flat knitting machines H. Stoll AG & Co. KG, Reutlingen/Germany. This is part of the Karl Mayer growth strategy.
With the acquisition, Stoll will become part of the global Karl Mayer Group, an independent family business, from July 1, 2020. As a result, Stoll will benefit from the broad global positioning of Karl Mayer’s sales, service and production sites, and from the opportunities for joint development.
The complementary product portfolios and an even greater regional presence in all relevant markets will create new, high-level expertise in the international textile market. The group of companies will thus be even more broadly positioned in the future with the business areas: Warp Knitting, Technical Textiles, Warp Preparation, Flat Knitting and Digital Solutions.
The well-established Stoll brand will be continued unchanged within the Group.
Karl Mayer is therefore not only expanding its portfolio, but is also strengthening its market position with the new brand.