Manufacturing Industry
Show Briefs.(Werner Rietschle GmbH acquired by Thomas Industries Inc.)(International Pages)(Brief Article)
Plastics News, October, 2002
The following items were gathered by reporter Rhoda Miel at the SPE Thermoforming Conference, held Sept. 15-17 in Nashville, Tenn. Thomas purchases Germany's Rietschle Werner Rietschle GmbH Co. has a new owner, but the vacuum pumps and conveying equipment it sells to thermoforming machinery makers will continue to carry the same name.
Thomas Industries Inc. of Louisville, Ky., completed a buyout of Rietschle of Schopfheim, Germany, on Aug. 29 for $83 million and 1.8 million shares of Thomas stock. Rietschle Managing Director Dieter Rietschle also will join the Thomas Industries board, with the Rietschle family holding a 10 percent interest in Thomas. Durethan-brand sheet reaching N. America Bayer Corp. is launching a thermoformable polyamid sheet...
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