Karl Mayer has announced that LIBA Maschinenfabrik GmbH, which it acquired recently, is to be renamed Karl Mayer Liba Textilmaschinenfabrik GmbH.
As announced on 1st January 2014, Karl Mayer acquired the majority shareholding in its fellow German competitor and the company reports today that integration of the two leading companies in the areas of development, manufacturing and delivery of warp knitting and technical textiles machinery is being implemented according to plans.
In addition, Karl Mayer reports that the processes that started at the end of last year to work out ‘Best of Both Worlds’ solutions for products, processes and concepts are progressing well and the integration process will be completed by the middle of this year. In the meantime, Karl Mayer says, the business of both parties in terms of products and market approach will be unchanged and all important work will be completed as before.
Following completion of the ‘Best of Both Worlds’ projects full integration of LIBA into the Karl Mayer business unit structure will start, a step which should be finalized at the end of 2015. Customers will then benefit from a strong partner with a unified approach and optimized products and solutions, Karl Mayer concludes.
Source: Innovation in Textiles
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