Co-Martin takes over Rieter subsidiary in Valence, named R.I.T.M.
22 Nov '06
2 min read
Rieter is convinced that with Co-Martin the ideal owner for these man-made fiber activities has been found. Co-Martin can count on the previous management of the Valence location as well as on the support of the current management, the employees and the works council.
The continuity of the customer service and the spare parts business is secured with this takeover. As of 22 November Rieter Textile Machinery France SAS in Valence will change its corporate name to R.I.T.M.
The strategic review of the chemical fiber activities located in Winterthur is still under study. A project conclusion and decision is expected in the next few weeks.
The Rieter Group, which operates on a global scale, develops and manufactures sophisticated systems solutions for the textile and automotive industries.
marketing@alchempro.com
