It is correct!!!!
How do you know that?
Here's some info from a spanish site...translation by Babel Fish:
The beginnings
In 1934 D. Luis Laughed and D. Jaime Juanola decided to be associated to found a factory on Figueras (Girona-Spain) dedicated to the manufacture of accessories for bicycles. From the fusion of its last names name RIEJU arose. They began with the land purchase for the construction of the ship, but the civil war arrived and the republican government still seized the ship to them without finishing, that would serve as motor pool of trucks. Like anecdote, the government would raise, in the course of the warlike fight, a floor on the plant already built and that once finalized the war would be considered a payment of interests when giving back the facilities. Later, and after the civil war, RIEJU he constituted himself like society limited in 1940, following with the manufacture of accessories for bicycles. The 5 of January of 1942, the society with a share capital of 1.000.000 of pesetas constituted itself officially before notary (the father of well-known Rescuing painter Dalí), appeared the project of beginning of the factory in the Delegation of Industry, in her took place bicycles to a rate of 125 units to the week with a total of 35 employees.
Congratulation!