WINTERTHUR, Switzerland — April 1, 2022 — With the takeover of the automatic winding machine business at the Uebach-Palenberg, Germany, site with effect from April 1, 2022, Rieter has completed the acquisition of the three businesses from Saurer.
The acquisition of the automatic winding technology in the premium category completes Rieter’s ring and compact-spinning system and thus lays the foundation to further improve the company’s strong position in the largest staple fiber market segment.
The components businesses Accotex (elastomer technology for spinning machines) at the Muenster, Germany, site and Temco (technology components for filament machines) at the Hammelburg, Germany, site had already been acquired by Rieter as of December 1, 2021.
Rieter had announced the acquisition of the three businesses on August 16, 2021.
In total, the three businesses generated sales of 142 million euros in 2020, the year of the COVID crisis. In 2019 and 2018, total sales amounted to 235 million euros and 260 million euros, respectively.
The winding machine business with new machines will be assigned to the Business Group Machines & Systems, and the after-sales business will be assigned to the Business Group After Sales. The Accotex and Temco component businesses are managed by the Business Group Components.
Posted: April 1, 2022
Source: Rieter Holding AG