Rieter Sells Cabling, Twisting And Texturing Machinery Operations To Co-Martin

Switzerland-based Rieter Group has sold its France-based cabling, twisting and texturing machinery operations to France-based Co-Martin, a specialist in the man-made fiber sector, for an undisclosed price. In conjunction with the sale, the location in Valence, France — formerly known as Rieter Textile Machinery France SAS — has changed its name to Research Innovation Textile Machinery (RITM).

RITM operations will continue under Carlos Matas and Noel Paul, chairmen and former managers, ICBT; and Managing Director Frédéric Belval.

January/February 2007

 

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