Textile machinery maker Rieter Holding AG is currently concentrating on organic expansion of the company but won't rule out making acquisitions, chief executive officer Hartmut Reuter told Swiss bi-weekly Finanz und Wirtschaft.

Rieter said it hasn't yet received any proposals to be acquired itself and said it was determined to keep independent if it received an unsatisfactory offer.

The company added that a merger with texile machinery producer Saurer AG was out of the question due to anti-trust issues.