Starlinger Group acquires STC Spinnzwirn
Already in May 2018, the Austrian Starlinger Group announced
the successful acquisition of the Chemnitz-based business unit
Barmag Spinnzwirn from Oerlikon. With the closing (final
transfer of ownership) effected on October 1, Oerlikon Barmag
Spinnzwirn now turns into the independent
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,” says Starlinger Managing
Partner Angelika Huemer. “With this strategic step, we
strengthen our position as world market leader in plastic
fabrics and expand it with related product areas.”
Steffen Husfeldt, designated Managing Director of STC
Spinnzwirn, adds: “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.”
The first joined trade show appearance of Starlinger, SAHM
and STC Spinnzwirn will take place at the textile machinery
exhibition ITMA 2019 (June 20-26) in Barcelona.