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Cixing Group signed a strategic acquisition agreement in Frankfurt to acquire select core assets of the Stoll brand from Karl Mayer. The deal unites Stoll's German precision engineering with Cixing's large-scale manufacturing and global network, with priorities in high-end fashion, technical textiles, and knitting robots.
China-based CW Bearing and Cixing Group Co. has acquired Drake Manufacturing Services Inc., a manufacturer in Champion Township, Ohio.