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GERMANY - CGS Management buys Rieter Automatik GmbH

Mareen Goebel
26 February 2008

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CGS Management has acquired the pelletizing machinery business Rieter Automatik GmbH from Rieter Holding AG with retroactive effect as of January 1, 2008 for an undisclosed amount.

Rieter Automatik GmbH is a manufacturer of pelletizing systems and components, and offers all current processes for producing and recycling plastics or pelletizing low-viscosity liquids. The company employs a workforce of 230 in Grossostheim, Germany, and generated sales of some CHF 70m in 2007.

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