Oerlikon, a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing, has successfully closed the acquisition of Riri, a specialised provider of coated metal accessories for the luxury fashion industry, following the signing of the agreement announced on December 16, 2022.
This acquisition expands Oerlikon’s foothold in the luxury market and helps it achieve its goal to become a leading platform in luxury metalware.
As the demand for physical vapor deposition (PVD) coatings grows, Oerlikon’s PVD technologies that provide environmentally friendly solutions will accelerate the shift of the luxury goods industry to greener PVD technology.
Renato Usoni, CEO, Riri, will lead the newly formed luxury business unit of Oerlikon as president, Oerlikon Luxury. Riri will operate as a separate business within the group's Surface Solutions division. Its zippers and buttons will continue to use the Riri and Cobrax brands on individual products. Oerlikon consolidated Riri as of March 1, 2023.
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