Switzerland-based Rieter Group has sold its France-based cabling, twisting and texturing machinery
operations to France-based Co-Martin, a specialist in the man-made fiber sector, for an undisclosed
price. In conjunction with the sale, the location in Valence, France — formerly known as Rieter
Textile Machinery France SAS — has changed its name to Research Innovation Textile Machinery
RITM operations will continue under Carlos Matas and Noel Paul, chairmen and former managers,
ICBT; and Managing Director Frédéric Belval.