Rieter is a producer of textile machinery based in

Winterthur , neighboring_municipalities = Brütten, Dinhard, Elsau, Hettlingen, Illnau-Effretikon, Kyburg, Lindau, Neftenbach, Oberembrach, Pfungen, Rickenbach, Schlatt, Seuzach, Wiesendangen, Zell , twintowns = Hall in Tirol (Austria ...

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

History

Founded in 1795 by Johann Jacob Rieter (1762–1826), the company initially produced textile products. In 1806, as

Napoleon Napoleon Bonaparte ; it, Napoleone Bonaparte, ; co, Napulione Buonaparte. (born Napoleone Buonaparte; 15 August 1769 – 5 May 1821), later known by his regnal name Napoleon I, was a French military commander and political leader wh ...

imposed the

Continental Blockade The Continental Blockade (), or Continental System, was a large-scale embargo against British trade by Napoleon Bonaparte against the British Empire from 21 November 1806 until 11 April 1814, during the Napoleonic Wars. Napoleon issued the Berlin ...

to prevent trade between Continental Europe and the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

, it became impossible for Rieter to get spare parts for its British textile machinery. As a consequence, the company started to produce spare parts themselves, and in 1810 the first self-designed textile machine left its workshop. In 1982, Rieter acquired the British textile machinery company Ernest Scragg & Sons Ltd. The group took over Automatik (founded in 1947) in 1992. In 2011, the automotive products division, formerly Rieter Automotive, separated from Rieter and became a new corporation; Autoneum. The two Board Members of Rieter, Pete Spuhler and Michaell Pieper, have agreed to keep their shares in Autoneum for a certain agreed time period and to grant the new company a subordinated loan of 12.5 million CHF each. On 30 June 2017, Rieter acquired SSM Textile Machinery Division (SSM) from Schweiter Technologies AG, Horgen (Switzerland) which now functions under the Rieter Component division. SSM deals in yarn winding equipment. SSM was formed by the merger of Schärer, Schweiter and Mettler companies in 1989. SSM took over Giudici S.p.A., Galbiate, Italy in February 2012 which is involved in false-twist texturing field machinery (fine count Nylon yarns). SSM also has a subsidiary in Zhongshan, China under the name of SSM (Zhongshan) Ltd, which helps in sales/support/service operations and also handles, manufacturing & assembling of machines for asian markets

References

External links

Rieter official site
{{Authority control 1795 establishments in Europe 18th-century establishments in the Old Swiss Confederacy Manufacturing companies of Switzerland Spinning Textile machinery manufacturers Companies based in Winterthur Companies established in 1795 Companies listed on the SIX Swiss Exchange Swiss brands