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26th November 2013, Obertshausen & Naila

Karl Mayer takes control of competitor LIBA

On January 1, 2014 Karl Mayer will acquire the majority of the ownership of LIBA Maschinenfabrik GmbH, which will be integrated into the Karl Mayer group.

For decades, both Karl Mayer and LIBA have been the leaders in the development, manufacturing and distribution of warp knitting machines and machines for the production of technical textiles, including multiaxial stitchbonding machines for glass fibre and carbon fibre reinforced composites and weft insertion raschel machines for a range of technical applications.

LIBA and Karl Mayer management teams

According to a press release issued today by Karl Mayer, both parties are convinced that with the combined high level of technical knowledge of the two companies, the long term market leadership of German warp knitting machine manufacturing will be ensured.

To utilize the joint strengths, measures will be taken immediately to work on the speedy integration of the two companies. Until then the business activities on both sides will continue without changes, especially in regard to products and market coverage.

The president and owner of LIBA Maschinenfabrik GmbH, Karlheinz Liebrandt will continue to hold shares of the company. He will also keep his position as spokesperson of the company management and Marcus Kube is added to the management of the company from Karl Mayer’s side. There is agreement with Karlheinz Liebrandt that the Naila operation will remain as a high technology location.

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Comments

  • Fred Max 1st December 2013 16:50PM

    Us an former employee of Karl Mayer Knitting machines end of the fiftys beginning of the sixtees and later former Manager of Liba do Brasil in 1992 to 1999 and after there Agent till 2006 we like to concratulate the dinamic Company of Karl Mayer Obertshausen for the takeover of Liba Maschinenfabrik ,Naila..Não we are certain with there modern dynamic top managment-marketing of Mr.Fritz Mayer and his staff together with there high quality of both, in specially the Liba machines ,Mr.Karl Heinz Librandt,Thomas Liebrandt did the right move.Concratulation.. Fred Max Schultheiss,Brazil,december ,01. 2013

  • John 29th November 2013 11:12AM

    Liba has been struggling in recent years and it was only a matter of time before Karl Mayer acquired them. Liba was dropping its prices in order to stay alive which wasn't helping Karl Mayer.

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