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- Title
New Swiss owner.
- Abstract
This article reports that Rieter Holding AG has sold Rieter Automatik GmbH of Grossostheim, Germany to Swiss finance investor CGS Management. Rieter Automatik posted a sales growth of 70 million Swiss francs in 2007. Automatik Plastics Machinery GmbH will be the new name of the company under the leadership of Managing Director Michael Bachmann, successor of Thomas Kehl, now manager of the competence center service of Coperion Group GmbH in Stuttgart.
- Subjects
GERMANY; SALE of business enterprises; RIETER Holding AG; CGS Management (Company); FINANCIAL performance; BUSINESS names; BACHMANN, Michael; KEHL, Thomas
- Publication
Technical Textiles / Technische Textilen, 2008, Vol 51, Issue 2, pE61
- ISSN
0323-3243
- Publication type
Article