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Karl Mayer merges Liba & Malimo to form new company

18 Dec '15

2 min read

German knitting technologies manufacturer Karl Mayer has merged its two subsidiaries, Liba and Malimo to form a new company Karl Mayer Technische Textilien GmbH.

As per a Karl Mayer press release, the contract to seal the merger between Karl Mayer Malimo Textilmaschinenfabrik and Karl Mayer Liba Textilmaschinenfabrik was signed on August 24, 2015.

The new company will operate from the two existing locations in Chemnitz and Naila, and the head office will be in Chemnitz.

The managing directors of the old subsidiaries, Jochen Schmidt and Marcus Kube und Karlheinz Liebrandt, will head the new company.

Karl Mayer's managing director, Arno Gärtner explained, “The merging of these two companies is the logical consequence of a process of change that started at in 2014 and led to the formation of a strong alliance.”

According to the company, Karl Mayer Technische Textilien will profit from the advantages offered by both partners and from a large number of synergistic effects.

The employees in both Saxony and Bavaria are ideally placed to react quickly and extremely flexibly to the wide-ranging requirements of their customers worldwide.

“They work closely with the users of Karl Mayer's machines and have a wealth of knowledge that they have gained over many years,” Karl Mayer added in the press release.

“What is more, these two companies, which used to operate separately, enjoy the confidence of the market, where they have an excellent reputation,” it explained.

The focus on ongoing technical innovations based on market requirements and customer benefits will also play an important role in the strategic organisation of the new Karl Mayer Technische Textilien GmbH.

CEO Jochen Schmidt also explained, “The most important thing for me is to develop new products to meet the requirements of the market, thus enabling our customers to further develop existing and new end-uses.”

“Karl Mayer Technische Textilien GmbH will show how successful it has been in this strategy at the JEC 2016 trade fair in pavilion 5A, stand P 59 for the first time,” he too added. (AR)

Fibre2Fashion News Desk – India

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