Rieter Makes Acquisition
Swiss-based Rieter recently acquired Hogra Holding AG, parent company of Graf Group. The move is expected to further augment Rieter Textile Systems' role as a leading supplier of technology components in the staple fiber machinery sector. Graf Group specializes in card clothing as well as components for the nonwovens sector. Rieter acquired Graf retrospectively as of July 1, 2005 for an undisclosed price.