OBERTSHAUSEN, Germany — August 18, 2020 — KARL MAYER acquired STOLL on February 26, 2020. The merger of the two world market leaders was officially completed with the closing on July 1, 2020.
The established Stoll brand broadens the portfolio of the global player, 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.
After the acquisition of Stoll, the Karl Mayer Group is the only supplier of innovative solutions for warp knitting and flat knitting. The joint growth is now also emphasized by a relevant addition to the name of two of the Germany-based Karl Mayer companies.
Starting 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.
Posted August 18, 2020
Source: KARL MAYER Gruppe