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Friday, March 29, 2024

KARL MAYER acquires STOLL to enhance knitting of tomorrow

It is interesting to note that the KARL MAYER Group has concluded an agreement to buy the STOLL Group. The contract was signed on February 26, 2020, and the STOLL Group is to be part of the KARL MAYER Group from July 1, 2020.By acquiring STOLL, KARL MAYER is opening up additional technological growth potential and an innovative solutions portfolio in the flat knitting sector. STOLL is an internationally recognized company with approximately 1000 employees and offers innovative tools and services for the knitting of tomorrow.

Warp Knitting

KARL MAYER is an innovative market leader for solutions in Warp Knitting, “the acquisition is an important step in our growth strategy and we are proud to welcome STOLL into our Group. STOLL is an internationally recognized brand in the textile industry and has comprehensive technological expertise and an experienced team in the knitting sector,” explains Arno Gärtner, CEO of the KARL MAYER Group.

With the acquisition, STOLL will become part of the global KARL MAYER Group, an independent family business. “This alliance brings together two very strong brands in textile machinery building whose solutions portfolios and regional presence complement each other brilliantly. This would enable us to expand and accelerate our innovation strategy in the areas of digitization and technology, and strengthen our global presence. Our customers would be able to benefit directly from this and increase their competitiveness in the dynamically changing textile industry,” says Andreas Schellhammer, CEO of STOLL.

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