Mayer & Cie. has officially completed the transfer of its circular knitting machinery assets, clearing the way for the company to restart operations under new ownership.
The asset transfer to Chinese investor Xu Hongjie—linked to Huixing Machinery Co., Ltd.—was finalized in mid-April 2026 following regulatory approvals from both German and Chinese authorities.
With the closing completed, the company will now operate as Mayer & Cie. Global, marking a fresh chapter for the long-established brand. Business activities are set to resume at its headquarters in Albstadt, where production, research and development, and administrative functions will remain anchored.
The restart follows a challenging period for the company, which entered insolvency proceedings in December 2025 amid declining revenues and intense global competition. Operations were subsequently halted before a buyer was secured.
Under the new structure, Mayer & Cie. Global aims to quickly restore profitability and re-establish its position in the premium segment of the global textile machinery market. A newly assembled team—initially around 30 employees across design, product management, and sales—has been put in place to support the relaunch.
The acquisition is also expected to unlock synergies between Mayer & Cie. and Huixing, particularly in procurement, technology development, and market access. The company plans to leverage these strengths to deliver advanced circular knitting solutions while maintaining its German engineering heritage.
Industry observers see the successful transfer and restart as a significant step in preserving a historic brand with over a century of expertise, while positioning it for renewed growth in an increasingly competitive global textile machinery landscape.
