Rhiag Group

In August 1998, CVC Funds completed the acquisition of the Rhiag, a distributor of replacement automotive components to after-market wholesalers in Switzerland, Italy, the Czech Republic, Slovakia and Ukraine.

Rhiag was founded in 1962 and is headquartered today in Baar, Switzerland. Today, around 80% of group sales and earnings are generated in Italy. In October 1999, the company acquired the components manufacturer Bertolotti Pietro & Figli from the US Federal Mogul group. Bertolotti was an Italian competitor of Rhiag operating in the same sector. The group currently employs around a total of 1,400 staff.

The sale of Rhiag to French mid-cap fund Alpha Associates was completed in July 2007. Rhiag operates today as part of Rhiag Group Ltd., the holding company.

Year of investment

1998

Business

Automotive components distribution

Country

Switzerland