ALBSTADT, Germany — February 10, 2026 — Insolvency proceedings against Mayer & Cie., a German manufacturer of circular knitting and braiding machines, were initiated on 1 December 2025. Immediately after the insolvency proceedings were opened, the entire business was shut down. Most employees were then given notice of termination at the end of February 2026. The plan is to complete the production of the remaining orders in the circular knitting by the end of the month.
In December 2025, Mayer & Cie.’s braiding machine division was sold to an Italian investor. Now, with Huixing Machine Co., Ltd. Shishi, a buyer has been found for the circular knitting machine business at…