Rieter Acquires Share Of Electro-Jet; Plans New Products

Switzerland-based Rieter Group reports it has acquired a 25-percent stake in Electro-Jet S.L., Spain, a producer of overhead traveling cleaners, roving frames, automatic transport system, packing and palletizing equipment, fabric batchers and inspection machines, and auxiliary equipment. The acquisition strengthens Rieter’s ring-spinning systems, and the two companies plan to jointly develop new products for the market. In 2017, Electro-Jet reported sales of approximately 25 million euros.

January/February 2019