The Austrian
Starlinger Group announced the successful acquisition of the Chemnitz-based
business unit Barmag Spinnzwirn from Oerlikon earlier this year. With the closing (final transfer
of ownership) effected on October 1, Oerlikon Barmag Spinnzwirn now turns into
the independent company STC Spinnzwirn GmbH (Starlinger Textile machinery
Chemnitz).
“With STC Spinnzwirn, we
welcome a new member to our group of companies that ideally complements our
portfolio. This means that we can offer our worldwide customers even more
individual solutions from a single source,” said Starlinger Managing Partner Angelika Huemer.
Steffen Husfeldt, designated Managing Director
of STC Spinnzwirn, added: “The next years
will show that this change of ownership holds tremendous opportunities for
everyone involved. All of us – the management as well as the 160 employees of
STC – look forward to getting started and realizing our full potential. The
family-owned company Starlinger is the ideal partner in this venture.”
In the market for these sought-after
special applications, STC Spinnzwirn was formerly a competitor of Starlinger;
from now on, customers will benefit from the bundled expertise in research,
development as well as worldwide sales and service.
Another asset for the new owner is the
winder technology of STC Spinnzwirn, as the group of companies already includes
a winder technology specialist with Georg Sahm GmbH & Co. KG based in
Eschwege/Germany.
The combined know-how of the two companies
encourages a focus on core competencies and key markets, allowing the
Starlinger Group to offer an even broader, customer-oriented product range in
the future.
The first joined trade show appearance of
Starlinger, SAHM and STC Spinnzwirn will take place at the ITMA 2019 (June
20-26) in Barcelona.