The acquisition of Riri, a supplier of coated metal accessories for the luxury fashion industry, is the logical next strategic step after the acquisition of Coeurdor in 2021, according to Oerlikon. With this acquisition, Oerlikon expands its position in the luxury market and offers a leading platform for luxury metal goods, the company says. "The acquisition leverages Oerlikon's core competencies in PVD coating for applications in the luxury market," said Michael Suess, executive chairman. "The combination of expertise, leading-edge technology and know-how in the luxury market make Oerlikon the market leader in this field. We look forward to working with our luxury brand customers and supporting them on their journey to greater sustainability."
Riri's Managing Director Renato Usoni will lead Oerlikon's newly established Luxury business unit as President Oerlikon Luxury. Riri will operate as a separate business unit within the Surface Solutions division. The zippers and buttons will continue to be found on individual products under the Riri and Cobrax brands.