Benninger's Weaving Preparation Division under new ownership

(PresseBox) (Obertshausen, ) On 1st December 2008, KARL MAYER Textilmaschinenfabrik GmbH, Obertshausen, signed the contract to take over the Weaving Preparation Division of Benninger AG in Uzwil. In the future, it will operate under the name of KARL MAYER Textilmaschinen AG.With this strategic acquisition, KARL MAYER takes over Benninger's current product portfolio, together with the service/components operations, which will remain in Uzwil.

This merger will see the emergence of a leading international company offering an extensive range of products on the market for weaving preparation equipment and machinery.

None of Benninger's other business operations are affected by this takeover.

The merger of these two companies is the result of constructive discussions that have taken place over the last few weeks. KARL MAYER and Benninger are convinced that this is the best solution all round.

At the same time, this move also makes an effective contribution to maintaining the strong position of textile machine technology in Europe. We see the merger of these companies; either is highly experienced in the field of warp preparation, as an important step in guaranteeing a successful future in the long term, even in these challenging economic times.

KARL MAYER will continue to produce machines for the Weaving Preparation Division in Uzwil.

After the takeover, 110 employees will join the Weaving Preparation Division of KARL MAYER.

Benninger's current management team will strongly support the integration of all activities into the KARL MAYER Group.

KARL MAYER aims to consolidate its worldwide service network by taking on Benninger's service personnel, who will continue to provide technical support for Benninger's installed machines in future as well.

Both existing and new clients will be able to profit from KARL MAYER's extensive international network of subsidiaries in Europe, the USA, China, Hong Kong and Japan, as well as its network of agents and representatives all over the world.

KARL MAYER Textilmaschinenfabrik GmbH

KARL MAYER Textilmaschinenfabrik GmbH is a family run, German company with its headquarters in Obertshausen near Frankfurt am Main. This company is the world's leading manufacturer of warp knitting machines and warp preparation machinery for weaving and warp knitting.

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