Obertshausen - Warp knitting machine builder Karl Mayer has rebranded following its acquisition of flat knitting technology specialist Stoll.
Starting from the 12 August, Karl Mayer Textilmaschinenfabrik GmbH will operate 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.
Karl Mayer has completed its acquisition of Stoll, officially creating a trans-technology global player that can offer the industry the latest in both warp and weft knitting expertise.
Following the completion of the deal on 1 July 2020, Karl Mayer is now a major provider of solutions for the two most important stitch-forming processes, flat knitting and warp knitting with this expertise along with technical textiles, warp preparation for weaving and digital solutions now housed under one roof.
Under the terms of the deal, the financial details of which were not disclosed, Stoll will continue its activities within the Karl Mayer Group as an autonomous business unit with brand carrying on independently.
Karl Mayer will also rely on Stoll’s proven management with previous CEO, Andreas Schellhammer, becoming president of the Stoll business unit within the Karl Mayer Group.
Welcoming the deal, Karl Mayer Arno Gärtner said that with Stoll's excellent know-how and committed staff, the companies would build on a good basis for further joint developments. "Stoll and Karl Mayer complement each other perfectly in terms of technology, they consistently rely on the proximity to their markets, and they are the innovation leaders in their sectors," he said. "The merger offers the basis for new machine-based solutions, textile products and digital offerings, which will make a major contribution to strengthening our customers in their business environment."
