Rieter Sells Plastics Business to Swiss Firm

Winterthur, Switzerland, February 27, 2008--Rieter is selling its plastics granulates business to CGS Management of Pfäffikon, Switzerland.

The two parties signed a purchase and sale agreement on Feb. 25, for the Rieter Automatik GmbH business unit, based in Grossostheim, Germany, which is no longer a core activity for Rieter. Terms were not disclosed.

Rieter said it has decided to concentrate on its core business with staple fiber and nonwovens production machinery, technology components and service offerings.