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21st January 2008

KARL MAYER acquires Ira L. Griffin, USA

With this acquisition KARL MAYER will increase its market presence in beaming and sizing

On January 16, 2008 KARL MAYER acquired all technology and market rights of the Ira L. Griffin Sons company, the Charlotte, USA based leading manufacturer of sizing units as well as ball warpers and long chain beamers for the denim industry.

With this acquisition KARL MAYER will increase its market presence in beaming and sizing, and especially strengthen its position and capability to provide complete system solutions in the denim industry, where Griffin products have an excellent reputation.

The Griffin business will be integrated into KARL MAYER’s warp preparation division that already includes a wide range of direct, sectional and sample warpers, the Rotal sizing products and the recently acquired Sucker products.

KARL MAYER will keep supporting the worldwide Griffin installed base with its U.S. subsidiary in Greensboro, NC as the prime point of contact. Both existing and new customers will further benefit from KARL MAYER’s strong global support network of wholly owned subsidiaries in Europe, the USA, China, Hong Kong and Japan, and agents worldwide.

KARL MAYER Textilmaschinenfabrik GmbH is a privately held German company with a head-office near Frankfurt (Obertshausen). The company is a worldwide leading manufacturer of warp knitting machinery, warp preparation systems for the weaving and knitting industries, and stitch bonding machinery for composites.

For additional information, please contact:

KARL MAYER Textile Maschinenfabrik GmbH,

Mr. Freddy Maletschek, Managing Director Warp Preparation Division,

telephone +49.6104.402.303, email [email protected]

Karl Mayer North America,

Mr. Tony Hooimeijer, President,

Telephone +1.336.232.0303, email [email protected]

http://www.karlmayer.com/

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