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).
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.
November 28, 2006
