Picanol Group has today acquired a minority stake in Rieter Holding AG , amounting to a total of 467,236 shares for a price of 45.4 million EUR.
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Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5 per cent block of shares to the Picanol Group.
Michael Pieper, a member of the Board of Directors of Rieter Holding AG since 2009, has informed Rieter that Artemis Beteiligungen I AG has sold its 11.5 per cent block of shares to the Picanol Group.
The ring spinning machine G 37 meets all needs for an efficient yarn production. The machine produces high-quality yarns with highest production rates and lowest energy consumption.
The Rieter ring spinning machine G 37 and the compact-spinning machine K 47 meet all requirements for an efficient yarn production. They produce high-quality yarns with highest production rates and lowest energy consumption.
Christian Straubhaar will take on the position as Senior Vice President, Sales, Rieter Machines & Systems on 1, January, 2021.
Christian Straubhaar will take on the position as Senior Vice President, Sales, Rieter Machines & Systems on 1, January, 2021. Straubhaar will succeed Reto Thom, who will retire.