About Rieter Holding
Rieter Holding AG provides a range of products and services to textile and automotive industries. The company sells its products and services in North America, Latin America, Africa, Europe, and Asia. Segments The company operates in two segments, Textile Systems and Automotive Systems. Textile Systems The Textile Systems Segment develops and produces machinery, components, and systems for manufacturing yarns and nonwovens. This segment’s primary business is machinery and components for converting natural and man-made fibers and their blends into yarns. Its offerings range from technology components through machinery to installations. It supplies integrated installations for short staple spinning mills, from the spinning preparation stage to the final spinning process. Rieter Automotive Systems The Automotive Systems Segment develops and manufactures components, modules, and integrated systems in partnership with automotive manufacturers for acoustic comfort and thermal management in motor vehicles. Its product range extends from individual components to modules and acoustic systems for the passenger, trunk, and engine compartments, as well as heat protection and aerodynamic underbody solutions. It manufactures its interior trim and carpet systems, as well as engine compartment, luggage compartment, and underbody shields in the regions in which its customers produce their vehicles. Its customers include automotive manufacturers, such as manufacturers of passenger cars and commercial vehicles. Acquisitions In January 2008, the company acquired textile component manufacturer, Berkol. Berkol develops and manufactures top roller covers and aprons for spinning machines, as well as machinery and equipment for maintaining and servicing these components. Divestments In April 2008, the company sold its activities in machinery and systems for manufacturing plastics granulates. In September 2008, it sold its sheet metal part manufacturing facility in Ingolstadt, Germany. History Rieter Holding AG was founded in 1795.
