Karl Mayer Becomes Karl Mayer Stoll
Post-acquisition of flat knitting machine manufacturer Stoll, German textile machinery maker Karl Mayer has extended its name to reflect the inclusion of Stoll. With effect from August 12, Karl Mayer Textilmaschinenfabrik GmbH is operating under the name of Karl Mayer Stoll Textilmaschinenfabrik GmbH, and Karl Mayer R&D GmbH is now Karl Mayer Stoll R&D GmbH.
The German family-run enterprise Karl Mayer acquired Stoll on February 26, 2020. The merger of the two world market leaders was officially completed 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," Karl Mayer said in a statement.
After the acquisition of Stoll, the Karl Mayer Group is the only supplier of innovative solutions for warp knitting and flat knitting.