China investor gobbles up 120-year-old German sewing machine maker
Commodities
Huixing gives Mayer & Cie new lease of life as industry hemmed in by Chinese rivals
Mayer & Cie manufactures circular knitting machines that are used to make hats, socks, collars, among other items. (Mayer & Cie)
HAMBURG, Germany — Family-owned Mayer & Cie is not only a giant in the German textile industry — over 80,000 of the circular sewing machines it has manufactured are used throughout the world to make clothes for global brands like H&M, Uniqlo and Decathlon.
