Karl Mayer’s majority acquisition Liba changes its name
The integration of the two worldwide leading companies in the areas of development, manufacturing and delivery of warp knitting and technical textile machinery is implemented according to plan
LIBA Maschinenfabrik will be incorporated in the Karl Mayer group and und the name of Karl Mayer LIBA Textilmaschinenfabrik GmbH.
The project “Best of both worlds” is well progressing by designating solutions for products, processes and concepts. According to plan the project should be finalised in the first half year. Meanwhile the business of both parties in view to product and market approach will continue unchanged.
The total integration of LIBA into the Karl Mayer business unit structure will start after the completion of the above mentioned steps and should be concluded by the end of 2015.