The components businesses Accotex (elastomer technology for spinning machines) at the Muenster/Germany site and Temco (technology components for filament machines) at the Hammelburg/Germany site had already been acquired by Rieter as of December 1, 2021. Rieter had announced the acquisition of the three businesses on August 16, 2021, the company said in a press release.

In total, the three businesses generated sales of €142 million in 2020, the year of the COVID crisis. In 2019 and 2018, total sales amounted to €235 million and €260 million, respectively.

The winding machine business with new machines will be assigned to the business group Machines & Systems and the after-sales business will be assigned to the business group After Sales. The Accotex and Temco component businesses are managed by the business group Components.

Fibre2Fashion News Desk (RR)