Chinese textile machinery manufacturer Huixing Machine Co., Ltd. has acquired key assets of Albstadt, Germany-based Mayer & Cie., the German maker of circular knitting and braiding machines currently in insolvency proceedings. The deal includes Mayer & Cie.’s Albstadt property and subsidiaries in China and the Czech Republic.
Huixing, based in Shishi City, plans to resume circular knitting machine production in Albstadt following regulatory approvals expected within six to eight weeks.
“With the sale of Mayer & Cie.’s circular knitting division to Huixing, we have found a prospect for the planned resumption of business,” said restructuring lawyer Martin Mucha of Grub Brugger.
Trustee Ilkin Bananyarli of PLUTA Rechtsanwalts GmbH called the outcome “a very welcome result for this long-established company.”
Volker Wintergerst of Wintergerst Societät added that persuading Huixing to invest “is a great success for all of us.”
2026 Quarterly Issue I
