Manmade fibre opportunity prompts Rieter acquisition
Textile machinery manufacturer Rieter has signed a definitive agreement to acquire Barmag.
A part of the business of Oerlikon, Barmag specialises in filament spinning systems for manufacturing manmade fibres, texturing machines, bulk continuous filament yarn systems, staple fibre spinning and nonwovens solutions.
Rieter said that the Barmag business would be highly complementary to its existing short-staple fibre business and make the Swiss group a leading supplier of technology for converting natural and manmade fibres into yarn.
The Barmag business comprises the Barmag, Neumag and Oerlikon Nonwoven brands, which develop products at two sites in Germany and two in China. The main markets for its product portfolio are China, India, Turkey and the US.
“Increase in the use of natural fibres such as cotton and linen is limited by natural boundaries,” Rieter said. “Manmade fibres will help to meet expanding demand for clothing, technical and home textiles.”
