Karl Mayer Announce Group Name Change After Merger With Stoll
Image Courtesy of Stoll
Oberthausen August 18th 2020 : KARL MAYER acquired STOLL on 26th February 2020. The merger of the two world market leaders was officially completed at the close of business on 1st July 2020.
Starting from 12 August 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
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 German KARL MAYER companies.
About KARL MAYER
KARL MAYER is an innovative market leader as well as driving force in the textile machinery building. The manufacturer offers perfect solutions for the fields of warp knitting and flat knitting, technical textiles, warp preparation for weaving and digitalisation.
Family brand STOLL represents the KARL MAYER Group‘s expertise in the field of flat knitting technology.
Since its foundation in 1873, STOLL has always been a reliable manufacturer of efficient flat knitting machines.
Equipped with intelligent software solutions for patterning and production planning, such as knitelligence®, today’s models open up new possibilities of digitalisation for the company’s customers.
In addition, STOLL has made a name for itself as a constant and innovative trendsetter for the textile and clothing industry in the fields of fashion and technical textiles.