In an historic and absolutely unprecedented international textile machinery deal, global leader in warp knitting machinery manufacturing, Karl Mayer, is buying internationally renowned flat knitting machine builder Stoll. The two long established and outstanding companies will combine forces to create a German powerhouse in the field of knitting.
In a press statement just minutes ago, Karl Mayer announced:
“As part of its growth strategy, the Karl Mayer Group has concluded an agreement to acquire the Stoll Group. The contract was signed on 26 February 2020, and the Stoll Group is to be part of the Karl Mayer Group from 1 July 2020.
“By acquiring Stoll, Karl Mayer is opening up additional technological growth potential and an innovative solutions portfolio in the flat knitting sector. Stoll is an international industry leader with approx. 1000 employees and offers innovative tools and services for the knitting of tomorrow.”
“Karl Mayer is an innovative market leader for solutions in Warp Knitting, Warp Preparation for Weaving and Technical Textiles, with over 2300 employees worldwide.
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