Stalexport sells plot to Rieter Automotive Poland

The Stalexport (STX) company, a subsidiary of Cognor, has sold a plot in Katowice to Rieter Automotive Poland (RAP). A cost of transaction is estimated at EUR 5,23 million (PLN 21,6 m). The 13,7ha plot is located on Owsiana Street in the Panewniki district.

RAP acquired the right of perpetual usufruct of the plot and all buildings together with equipment located within limits of the property. The plot and its facilities haven’t been used by Stalexport to conduct a business and the company decided to sell it.

Rieter Group is an industrial company based in Winterthur, Switzerland, and operating on a global scale. Formed in 1795, the company is a leading supplier to the textile and automotive industries. Rieter has a presence in some 20 countries with nearly 70 manufacturing facilities and has a total worldwide workforce of 12 700 employees.

Rieter Automotive Systems, as a part of Rieter Group, is a leading partner for the major light vehicle and heavy truck manufacturers around the world. To increase vehicle comfort and value, the company designs, develops, tests and manufactures innovative and cost effective solutions for noise reduction and heat management.