OBERTSHAUSEN, Germany — January 24, 2014 — As announced earlier, on January 1, 2014 KARL MAYER acquired majority ownership of LIBA Maschinenfabrik GmbH. Integration of the two worldwide leading companies in areas of development, manufacturing and delivery of warp knitting and technical textile machinery is implemented according to plan.
At this point in time, renaming has been addressed. As a member of the KARL MAYER Group, from now on, LIBA Maschinenfabrik will be incorporated under the name KARL MAYER LIBA Textilmaschinenfabrik GmbH.
In addition, the processes that started at the end of last year to work out “Best of Both Worlds” solutions for products, processes and concepts are progressing well. In the middle of this year, this project will be finalized. In the meantime the business of both parties in terms of products and market approach will be unchanged. All important tasks will be completed as before.
Following completion of the “Best of Both Worlds” projects full integration of LIBA into the KARL MAYER business unit structure will start. This step should be finalized at the end of 2015. Customers will then benefit from a strong partner with a unified approach and optimized products and solutions.
Posted January 28, 2014
Source: Karl Mayer