Karl Mayer’s Stoll acquisition complete
Stoll will continue its activities within the Karl Mayer as autonomous business unit. The brand will be carried on independently, and represents Karl Mayerâ€™s expertise in the field of flat knitting technology.
With the so-called closing, the merger of the two world market leaders, Karl Mayer and Stoll, was officially completed on July 1, 2020. The relevant agreements were signed on February 26, 2020, thus, setting the course for the formation of a trans-technology global player, who changes the world of its customers and of the textile sector.
Karl Mayer is now the leading provider of solutions for the two most important stitch-forming processes, flat knitting and warp knitting. The companyâ€™s entire expertise in the fields of warp knitting, flat knitting as well as technical textiles, warp preparation for weaving and digital solutions is now housed under one roof.
When it comes to the manufacture of products for warp knitting, warp preparation for weaving and the areas of technical textiles, Karl Mayer is innovative market leader with more than 2,300 employees worldwide. Stoll , the international sector leader with roughly 1,000 employees, stands for progressive tools and services for tomorrowâ€™s knitting.
Stoll will continue its activities within the Karl Mayer as autonomous business unit. The brand will be carried on independently, and represents Karl Mayerâ€™s expertise in the field of flat knitting technology. Karl Mayer also relies on Stollâ€™s proven management. The previous CEO, Andreas Schellhammer, will become President of the Stoll business unit within the Karl Mayer Group.
â€œWith Stollâ€™s excellent know-how and committed staff, we can build on a good basis for further joint developments. Stoll and Karl Mayer complement each other perfectly in terms of technology, they consistently rely on the proximity to their markets, and they are the innovation leaders in their sectors. The merger offers the basis for new machine-based solutions, textile products and digital offerings, which will make a major contribution to strengthening our customers in their business environmentâ€, says Arno GÃ¤rtner.
In the area of machine development, it is possible to use completely new technological principles but also optimisations of details, for example concerning the operation. For the development of new textiles, the customers can rely on broad, cross-sector expertise. They can benefit from the Groupâ€™s entire textile-technological know-how in the fields of warp knitting and flat knitting with an even increased application-oriented focus. The customersâ€˜ contact persons will remain the same.
One of the main aims in production is to increase the added value for more know-how protection, flexibility and rapid delivery. Components from own production will be used groupwide, if possible, and the manufacture of the Stoll machines in China will be integrated into Karl Mayerâ€™s location in Changzhou. With a surface area of 90,000 mÂ² and modern factory halls, the Chinese plant offers the perfect conditions for continuing Stollâ€™s high-quality production. The integration project runs smoothly, despite highest complexity and corona pandemic. â€žThe teams from Stoll and Karl Mayer are full on schedule. They cooperate closely and extremely dedicated, they complement each otherâ€™s strengths, and successfully live the mergerâ€œ, explains Andreas Schellhammer.
Moreover, via their familiar contact partners, the Chinese customers can rely on the resources and organisation of Karl Mayer (China) in the fields of service and spare parts. The spare parts are manufactured in-house, they are stored in larger quantities, and dispatched directly from China to China. This ensures shortest delivery times.
In terms of digitalisation, the know-how merger raises expectations for innovation leaps with advantages for the customers and effects on the entire textile industry. Karl Mayerâ€™s KM.ON is a highly agile software start-up, that uses the potential of cloud-based concepts and of artificial intelligence for completely new digital solutions. Stoll offers many years of experience in the software section. Together it will be possible to accelerate digital product developments enormously.
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.
The digital solutions are offered under the KM.ON brand, the product portfolio for flat knitting under the Stoll brand. To ensure the success of its international customers, Karl Mayer has always been eager to provide its clients with the best economical and technical products and services and to offer innovations which bring fresh impetus to the textile world.
With more than 3,300 employees worldwide, the international organization produces in its main markets, so that Karl Mayer is always close to its customers and their needs. Today, the company has subsidiaries in the USA, in India, Italy, Hong Kong, Japan, China, Bangladesh and Switzerland as well as agencies all over the world.
The German family-run enterprise was set up in 1937 and since then financial independence and economic sustainability have always been important aspects of the companyâ€™s corporate strategy. As long-standing and reliable partner with many years of professional experience and high-quality level in all areas, Karl Mayer supports the competitiveness of its customers and business partners.