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French industrial group acquires SwissTex France
May '12
Reyes Groupe, a French industrial group, has announced acquisition of all assets of another domestic firm SwissTex France SAS, under the new name Verdol.

Previously known as RITM SAS, SwissTex supplies twisting and cabling machinery and extrusion lines to the filament yarn market.

It also engages in processing yarns prepared from natural, artificial, synthetic and mineral fibres, and supplies textile yarns that cover twisting and cabling, covering and winding, as well as other types of technical yarns.

Reyes said it has worked with SwissTex for over 25 years and it is well aware about the products, expertise and even complementary skills of Verdol. Reyes believes that such knowledge would help it enhance the technological, commercial and financial strength of Verdol.

Making the acquisition announcement, Christophe Reyes, CEO of Reyes Groupe, and Jean-Claude Gnonlonfoun, General Manager of Verdol, said new resources would be put at the disposal of Verdol and its teams to bring improved service and wipe out past failures.

Reyes, a family-owned business, is known for its experience and know-how of electrical and mechanical engineering, integration series (prototyping, industrialization, OEM) and electrical integration (cabinets, electrical rooms) for industrial firms in varied sectors like nuclear, gas, oil, energy, solar and hydro.

Fibre2fashion News Desk - India

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