Home / Knowledge / News / Textile / Karl Mayer to acquire STOLL

Karl Mayer to acquire STOLL

Mar '20
From (L-R): Jochen Franke (CFO, STOLL); Andreas Schellhammer (CEO, STOLL); Arno Gärtner (CEO, Karl Mayer), Dr. Helmut Preßl (CFO, KARL MAYER); Pic: Karl Mayer
From (L-R): Jochen Franke (CFO, STOLL); Andreas Schellhammer (CEO, STOLL); Arno Gärtner (CEO, Karl Mayer), Dr. Helmut Preßl (CFO, KARL MAYER); Pic: Karl Mayer
As part of its growth strategy, Karl Mayer Group has concluded an agreement to acquire STOLL Group. The contract was signed on February 26 and STOLL Group is to be part of 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 international industry leader with approximately 1000 employees and offers innovative tools and services for the knitting of tomorrow.

Karl Mayer is an innovative market leader for solutions in warp knitting, warp preparation for weaving and technical textiles, with over 2300 employees worldwide.

“The acquisition is an important step in our growth strategy and we are proud to welcome STOLL into our Group. STOLL is an internationally recognised brand in the textile industry and has comprehensive technological expertise and an experienced team in the knitting sector,” said Arno Gärtner, CEO of Karl Mayer Group.

With the acquisition, STOLL will become part of the global Karl Mayer Group, an independent family business. As a result, STOLL will benefit from the broad global positioning of Karl Mayer’s sales, service and production sites, and from the opportunities for joint development, such as in the field of digital solutions.

“This alliance brings together two very strong brands in textile machinery building whose solutions portfolios and regional presence complement each other brilliantly. This will enable us to expand and accelerate our innovation strategy in the areas of digitalisation and technology and strengthen our global presence. Our customers will be able to benefit directly from this and increase their competitiveness in the dynamically changing textile industry,” said Andreas Schellhammer, CEO of STOLL.

The complementary product portfolios and an even greater regional presence in all relevant markets will create new, high-level expertise in the international textile market. Karl Mayer is thus the only company in the textile industry to offer industry-leading solutions for the two main stitch-forming processes: knitting and warp knitting.

The group of companies will thus be even more broadly positioned in the future with the business areas: warp knitting, technical textiles, warp preparation, flat knitting and digital solutions.

The contract is an asset deal. The well-established STOLL brand will be continued unchanged within the Group. Karl Mayer is therefore not only expanding its portfolio but is also strengthening its market position with the new brand.

“Our clients were always our focus when preparing the transaction. By becoming part of the Karl Mayer Group, customers will benefit from additional impetus for innovation, particularly with regard to overarching issues such as digitalization. There will be no change to the usual customer support and service,” the CEOs of both companies said.

Fibre2Fashion News Desk (PC)

Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 29th Oct 2020

Bangladesh restored 40% of cancelled RMG orders: minister

Bangladesh foreign minister AK Abdul Momen recently said the...

Pic: Shutterstock

Textiles | On 29th Oct 2020

Uzbek trade body, Indonesian textile firm mull cooperation

Representatives of the Uzbekistan Textile and Garment Industry...

Pic: Shutterstock

Textiles | On 29th Oct 2020

PRC unofficially boycotts Australian cotton, imports halt

All cotton exports by Australia to China have reportedly stopped...

Interviews View All

Milind Khandwe, Hindoostan Innovation Centre

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Sunil Kumar Sharma, Loknayak JPNSSSG Ltd

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Subrata Ghosh,

Subrata Ghosh

Nandan Denim, part of leading conglomerate Chiripal Group, commenced its...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Yariv Bustan,

Yariv Bustan

Founded in Israel in 2015, Twine Solutions is a tech start-up that has...

Michaela Griggs & Peggy Schulz, Barco Uniforms

Michaela Griggs & Peggy Schulz
Barco Uniforms

Founded in 1929, Barco Uniforms started as an apparel company for beauty...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Karan Arora, Karan Arora

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

October 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search