Rieter Selling Nonwovens Business

Winterhur, Switzerland, Dec. 14, 2009--Rieter is selling its nonwovens business to Austrian firm Andritz.

Rieter said it's selling French company Rieter Perfojet S.A.S to focus on core activities in the Textile Division of Rieter.

Located in Montbonnot, France, the company is engaged in the development and manufacture of machinery and systems for producing nonwovens.

Rieter said its core competencies are in spinning machinery for short staple fibers, together with technology components and service offerings.

The transaction is subject to the consent of the anti-trust authorities but is expected to be completed early next year.