#Spinning

2026-02-02

Rieter completes acquisition of Barmag

Exterior view of the Rieter innovation center in Winterthur, Switzerland © 2026 Rieter

Rieter has successfully completed the acquisition of Barmag as of February 2, 2026. This strategically important acquisition makes Rieter the world’s leading system provider for natural and synthetic fibers.

Barmag will be consolidated as of February 2, 2026, and integrated into the Rieter Group as the “Man-Made Fiber” Division. The management of Barmag will remain with the company. Georg Stausberg will continue to lead the division and report to Thomas Oetterli, CEO of Rieter. At the same time, he will join the Group Executive Committee.

The transaction is financed by the capital increase completed in October of last year as well as by long-term bank loans. In addition to substantial cash reserves in its operating units, Rieter also has a significantly increased revolving credit facility at its disposal.

Thomas Oetterli, CEO of Rieter: “Barmag’s know-how is a perfect fit for Rieter and will accelerate profitable growth as well as strengthen our market leadership in the important region of Asia. The acquired filament know-how will help to expand our areas of expertise as a system provider and further advance automation and digitization solutions. This is the start of a successful future together and an important milestone in the implementation of our corporate strategy.”

Rieter appoints Daniel Lippuner as new CEO as Thomas Oetterli steps down

Thomas Oetterli has decided to step down from his function as CEO, effective October 31, 2026, and hand over the Chairmanship of the Board of Directors. “After the successful implementation of the Next Level performance program, the structural measures initiated to consolidate the sites and the acquisition of Barmag, the time has come to hand over responsibility to new hands,” explains Thomas Oetterli.

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Textiles Recycling Expo USA 2027 opens registration and expands with manufacturing exhibition

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MarediModa highlights transparency and traceability with InsideOut by C.L.A.S.S.

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