China Aluminium Network
Belgian Holding Famo (Sapim) Takes Over Ryde International (Rigida)
Edited by : AL CIRCLE
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Ryde International, formerly known as Rigida International, the leading manufacturer of aluminum and stainless steel rims for bicycles, announces that it has been taken over by the Belgian holding company Famo NV of the Moorkens family. Famo NV is an industrial investor having participations in various industrial and commercial companies out of which Sapim, the worldwide reference for quality spokes and nipples. The transaction took place in October 2011 for an undisclosed amount.
This acquisition was a good opportunity for Famo NV to increase its presence in the growing bicycle industry. Moreover, both companies are complementary in terms of geographical presence. While Sapim produces spokes and nipples in Belgium and France, Ryde International manufactures rims in the Netherlands, Hungary, Malaysia and China.
This acquisition was a good opportunity for Famo NV to increase its presence in the growing bicycle industry. Moreover, both companies are complementary in terms of geographical presence. While Sapim produces spokes and nipples in Belgium and France, Ryde International manufactures rims in the Netherlands, Hungary, Malaysia and China.
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