# Lohmann & Rauscher invests €10M in Richard Frères for R&D center

Lohmann & Rauscher is investing €10 million in its subsidiary Richard Frères at Saint-Genest-Lerpt, France, to create a European R&D center for medical textile compression. Production is expected to start in 2024.

- Type: Investment
- Announced: 2023-01-26
- Where: Saint-Genest-Lerpt, France
- Value: $10.9M (10.0M EUR)
- Starts operating: 2024
- Status: announced
- Products: medical textile compression products, orthoses
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md), [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Richard Frères](https://endata.com/companies/68114.md)
- [Lohmann & Rauscher](https://endata.com/companies/68113.md) (investor)

## Sources

- [mesinfos.fr](https://mesinfos.fr/auvergne-rhone-alpes/saint-genest-lerpt-10-m-euro-investis-pour-le-specialiste-de-lorthese-richard-freres-119635.html), 2023-01-26: "Lohmann & Rauscher, investit 10M€ pour sa filiale Richard Frères à Saint-Genest-Lerpt spécialisé dans les orthèses, pour créer un pôle de recherche et développement européen sur la compression médicale textile."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.