Karl Mayer Group reports it has acquired the Stoll Group — both family-owned companies based in Germany. The Stoll Group will formally become part of Karl Mayer July 1, 2020. The acquisition grows Karl Mayer’s portfolio in the flat knitting sector, and Stoll reports it will benefit from Karl Mayer’s global sales, service and production sites.
“The acquisition is an important step in our growth strategy and we are proud to welcome Stoll into our Group,” said Arno Gärtner, CEO, Karl Mayer Group. “Stoll is an internationally recognized brand in the textile industry and has comprehensive technological expertise and an experienced team in the knitting sector.”
“This alliance brings together two very strong brands in textile machinery building whose solutions portfolios and regional presence complement each other brilliantly,” said Andreas Schellhammer, CEO, Stoll.