Completion in sight for Rieter’s acquisition of Barmag
Textile machinery group Rieter has received all regulatory approvals for the completion of its acquisition of Barmag. Rieter announced its intention to carry out the acquisition in May.
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 addition of Barmag would be highly complementary to its existing short-staple fibre business and would make the Swiss group a leading supplier of technology for converting natural and manmade fibres into yarn.
With the approvals in place, it said it now expects to complete the acquisition at the beginning of February 2026.
