Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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11/13/2007 - Rieter acquires Berkol - Further reinforcement of the components business

On November 12, 2007, Rieter signed a purchase agreement to acquire textile component manufacturer Berkol, a business unit of Huber+ Suhner AG based in Pfäffikon/Zurich (Switzerland). The Textile Systems Division will thus expand its product portfolio in the technology components sector and further extend its lead as the world’s largest supplier of technology components for staple fiber spinning machines.

Berkol develops and manufactures top roller covers and aprons for spinning machines as well as machinery and equipment for maintaining and servicing these components. These technology components are supplied to both spinning mills and machinery manufacturers worldwide. Rollers and aprons used in different spinning processes are important for yarn quality, since they come into direct contact with the fibers being processed. The Pfäffikon (Zurich)-based business unit generates sales of some CHF 11 million with 23 employees.

Rieter will acquire the Berkol business with all its employees and trademark rights as of January 1, 2008. Berkol will be integrated in Bräcker AG, the Rieter company which is also based in Pfäffikon. Bräcker manufactures ring travelers and spinning rings for ring spinning machines with some 75 employees.

The Rieter Group operates internationally, developing and producing sophisticated systems solutions for the textile and automotive industries. In the 2006 fiscal year Rieter generated sales of CHF 3 580 million with some 14 800 employees worldwide. The Textile Systems Division accounted for CHF 1 400 million and the Automotive Systems Division for CHF 2 180 million of this total.


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Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
 investor@rieter.com

 
 
Peter Grädel
Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
 media@rieter.com