Switzerland : Rieter to acquire Berkol biz with all employees & trademark rights
Write:
Sharda [2011-05-20]
Rieter signed a purchase agreement to acquire textile component manufacturer Berkol, a business unit of Huber+ Suhner AG based in Pfäffikon/Zurich (Switzerland).
The Textile Systems Division will thus expand its product portfolio in the technology components sector and further extend its lead as the world’s largest supplier of technology components for staple fiber spinning machines.
Berkol develops and manufactures top roller covers and aprons for spinning machines as well as machinery and equipment for maintaining and servicing these components. These technology components are supplied to both spinning mills and machinery manu-facturers worldwide.
Rollers and aprons used in different spinning processes are impor-tant for yarn quality, since they come into direct contact with the fibers being processed. The Pfäffikon (Zurich)-based business unit generates sales of some CHF 11 million with 23 employees.
Rieter will acquire the Berkol business with all its employees and trademark rights as of January 1, 2008. Berkol will be integrated in Bräcker AG, the Rieter company which is also based in Pfäffikon. Bräcker manufactures ring travelers and spinning rings for ring spinning machines with some 75 employees.