Recapitalisation of Reuge SA

November 2004

A new stage in the renaissance of the Sainte-Croix based music box specialist

Reuge SA, the world's sole producer of large musical movements, singing birds and musical watches and automaton watches, and a flagship company in Sainte-Croix (Switzerland), has just completed the last phase of its recovery through recapitalisation, with the arrival of Cap Gamma SA, a holding company located in Luxembourg.
The acquisition of a majority shareholding is confirmation of Cap Gamma SA's Swiss institutional and private investors’ trust in the management of the company, which includes Aldo Magada, Managing Director and General Manager, and Lucien Masmejan, Chairman of the Board of Directors.
This significant move for the future of Reuge SA will allow management to continue to reposition the Brand within the luxury market and to carry on with the creation of highly contemporary music boxes, designed to attract a younger clientele, alongside more traditional pieces housed in sumptuous inlaid finewood cases.
With 77 employees, 52 of whom are involved in production, openings onto 25 markets and 600 clients worldwide, Reuge SA now has everything it needs to implement the ambitious marketing policy put in place eighteen months ago with enthusiasm and optimism.

Source: Reuge Press Release
Contact: [email protected], [email protected]

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