Switzerland-based Rieter Holdings AG has sold its Germany-based Rieter Automatik GmbH pelletizing
machinery business unit to Switzerland-based CGS Management, a specialist in developing
medium-sized businesses into international industrial groups, for an undisclosed price. According
to Rieter, the business no longer is a core activity for the company’s Textile Systems Division,
which henceforth will focus on staple fiber and nonwovens production machinery, technology
components and service.
Rieter Automatik — a manufacturer of pelletizing systems and components including systems for the
production and recycling of plastics, or pelletization of low-viscosity liquids — employs 230
workers at its Grossostheim, Germany, facility and reported sales totaling approximately 70 million
Swiss francs (US$61.8 million) in 2007.
February 26, 2008