Randolf and NiGuRa leave Rodenstock

Randolf will remain on the supervisory board, but Giancarlo Galli, previously of Colgate-Palmolive, takes over at the top. The Rodenstock family still owns 51 per cent of the company, with investment group Permira owning the remainder.
Last week Moulin International of Hong Kong acquired DŸsseldorf-based NiGuRa for an undisclosed sum together with frame brands that include Enjoy and Reebok. Porsche Design has remained with Rodenstock.
Moulin made more than 15 million frames last year with sales exceeding E130m (£90m). Chairman Ma Bo Kee said it would use the strength of low-cost, high-quality Chinese manufacturing to drive the brand portfolio.
NiGuRa Optik was established in 1866 by Ernst Nitsche and August GŸnther in Rathenow, becoming part of Rodenstock in 1981. Helmut Otto, NiGuRa managing director, said: 'Moulin is the partner we would always have wanted.'
No job losses are expected.