Business
Rieter : to acquire Barmag from OC Oerlikon to accelerate its growth strategy and become a market leader in natural and manmade fibers
Rieter : to acquire Barmag from OC Oerlikon to accelerate its growth strategy and become a market leader in natural and manmade
About this update from Rieter Holding Ag
[{"type":"text","content":"\n Rieter to acquire Barmag from OC Oerlikon to accelerate its growth strategy and become a market leader in natural and manmade fibers\n May 06, 2025 / Ad-hoc 2025\n \n Ad hoc announcement pursuant to Art. 53 LR\n FOR RELEASE IN SWITZERLAND - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN. THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN.Barmag is a global market leader for equipment to produce manmade fibers with sales in financial year 2024 of approximately CHF 734 million\n Rieter strengthens and expands its technology position in the textile industry and positions itself in the growing market for manmade fibers\n Transaction is highly complementary across Rieter's technologies, solutions and end-markets and accretive to Rieter's growth and performance\n Upfront equity purchase price of CHF 713 million\n Financing is fully secured, and balance sheet stability will be maintained\n PCS Holding AG (Peter Spuhler) remains the largest shareholder and played a strategically important role in this acquisition\n \n \n Rieter has signed a definitive agreement to acquire Barmag from OC Oerlikon for an upfront equity purchase price of CHF 713 million. The acquisition will create a globally leading player in natural and manmade fibers, headquartered in Winterthur, Switzerland, and is highly complementary to Rieter's short-staple fiber business.\n \n \n Barmag is a provider of filament spinning systems used for manufacturing manmade fibers, texturing machines, BCF1) systems, staple fiber spinning and nonwovens solutions and - as an engineering services provider - offers solutions along the textile value chain. In the financial year 2024, the company generated sales of CHF 734 million with around 2 600 employees. \n \n \n Barmag comprises the established product brands Oerlikon Barmag, Oerlikon Neumag and Oerlikon Nonwoven. The main markets for the Barmag product portfolio are China, India, Türkiye and the United States of America. The innovative and technologically advanced products are developed in Remscheid and Neumünster (Germany) as well as Suzhou and Wuxi (China). \n \n \n As fiber consumption is projected to rise, most of...