{"id":63746,"date":"2026-02-13T14:20:01","date_gmt":"2026-02-13T11:20:01","guid":{"rendered":"https:\/\/www.textilegence.com\/?p=63746"},"modified":"2026-02-13T14:23:14","modified_gmt":"2026-02-13T11:23:14","slug":"german-circular-knitting-machine-manufacturer-mayer-cie-acquired-by-chinese-investor","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/german-circular-knitting-machine-manufacturer-mayer-cie-acquired-by-chinese-investor\/","title":{"rendered":"German Mayer &amp; Cie. acquired by Chinese investor"},"content":{"rendered":"\n<p>All circular <a href=\"https:\/\/www.textilegence.com\/en\/category\/knitting\/\" target=\"_blank\" rel=\"noreferrer noopener\">knitting<\/a> operations of Mayer &amp; Cie., one of the key symbols of German engineering with a 120-year history, were acquired by Chinese entrepreneur Xu Hongjie under an agreement signed on February 9. The acquisition also includes the company\u2019s subsidiaries in Vset\u00edn, Czech Republic, and Jintan, China.<\/p>\n\n\n\n<p>Xu Hongjie, a representative of the family-owned Huixing Group \u2014 a company with nearly 1,000 employees and close to 30 years of industry experience \u2014 aims to enter the premium segment under the Mayer &amp; Cie. <a href=\"https:\/\/www.mayercie.com\" target=\"_blank\" rel=\"noreferrer noopener\">brand<\/a>. The company\u2019s R&amp;D and manufacturing base in Albstadt, Germany, will retain its strategic importance going forward.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-restructuring-to-begin-under-blitzstart\">Restructuring to begin under \u201cBlitzstart\u201d<\/h2>\n\n\n\n<p>Xu Hongjie announced that he has temporarily chosen the name \u201cBlitzstart\u201d for the company through which the restructuring process will be carried out, noting that the name was selected deliberately despite his not yet speaking German.<\/p>\n\n\n\n<p>With the signing of the acquisition agreement and the dissolution of the former Mayer &amp; Cie. GmbH &amp; Co. KG, all employees will need to be rehired. In the first phase, a small team will be established to revive sales activities and prepare for the relaunch.<\/p>\n\n\n\n<p>In recent days, only assembly operations have continued at the Albstadt facilities, with machines already on order scheduled for delivery, while production itself has been halted. The new owner aims to gradually restart production in the spring.<\/p>\n\n\n\n<p>It is emphasized that Mayer &amp; Cie. will continue to address global textile innovators with its single jersey, double jersey, interlock and jacquard machines. The new management has identified a customer-centric approach, rapid feedback processes, digitalization and organizational simplification among its top priorities.<\/p>\n\n\n\n<p>With seven production sites and a broad international presence, the Huixing Group brings together a 120-year-old German premium brand and a rapidly growing Chinese industrial manufacturer under one roof through this acquisition. The company describes the move as a strategic step expected to create synergies in the global circular knitting machine market.<\/p>\n\n\n\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-who-is-xu-hongjie\">Who is Xu Hongjie?<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-xu-hongjie-aged-32-represents-the-second-generation-of-the-china-based-family-company-huixing-founded-in-1998-and-employing-around-1-000-people-huixing-is-known-globally-as-a-circular-knitting-machine-manufacturer\">Xu Hongjie, aged 32, represents the second generation of the China-based family company Huixing. Founded in 1998 and employing around 1,000 people, Huixing is known globally as a circular knitting machine manufacturer.<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-having-completed-his-business-education-in-china-and-the-united-kingdom-xu-has-played-an-active-role-in-the-family-business-for-more-than-a-decade-most-recently-focusing-on-international-business-development\">Having completed his business education in China and the United Kingdom, Xu has played an active role in the family business for more than a decade, most recently focusing on international business development.<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-in-addition-to-his-entrepreneurial-activities-xu-hongjie-serves-as-chairman-of-the-shishi-young-entrepreneurs-association-and-is-also-a-member-of-the-quanzhou-municipal-people-s-congress-representing-the-city-of-shishi\">In addition to his entrepreneurial activities, Xu Hongjie serves as Chairman of the Shishi Young Entrepreneurs Association and is also a member of the Quanzhou Municipal People\u2019s Congress, representing the city of Shishi.<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>All circular knitting operations of Mayer &amp; Cie., one of the key symbols of German engineering with a 120-year history, were acquired by Chinese entrepreneur Xu Hongjie under an agreement signed on February 9. The acquisition also includes the company\u2019s subsidiaries in Vset\u00edn, Czech Republic, and Jintan, China. Xu Hongjie, a representative of the family-owned [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":63745,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9862],"tags":[11532,10287,10775,10369,12450],"class_list":{"0":"post-63746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-knitting","8":"tag-acquisition","9":"tag-knitting","10":"tag-textile-investment","11":"tag-textile-news-en","12":"tag-topical"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>German Mayer &amp; Cie. acquired by Chinese investor - Textilegence<\/title>\n<meta name=\"description\" content=\"Xu Hongjie, a representative of the family-owned Huixing Group aims to enter the premium segment under the Mayer &amp; Cie. brand...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/german-circular-knitting-machine-manufacturer-mayer-cie-acquired-by-chinese-investor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"German Mayer &amp; 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.\",\"email\":\"editor@textilegence.com\",\"telephone\":\"+90 212 442 24 12\",\"legalName\":\"Textilegence Mag and Digital Platform\",\"foundingDate\":\"2013-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"1\",\"maxValue\":\"10\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/1c3977109f8a6e1e2b95678836d75cb7\",\"name\":\"Fatih Cengiarslan\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"contentUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/fatih-cengiarslan.jpg\",\"caption\":\"Fatih Cengiarslan\"},\"description\":\"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. 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