Oerlikon has acquired Riri. Oerlikon is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. Riri based in Switzerland is a provider of coated metal accessories and supplies global leading brands in the luxury fashion industry and has a strong foothold in the Italian luxury market.

This transaction marks a milestone in Oerlikon’s growth strategy and will reinforce its fashion jewelry and metallic components for leather goods. It is expected to make Oerlikon a market leader and an integrated provider with a complete offering of coated luxury metalware for high-end fashion brands. The acquisition is expected to drive cross-selling and strengthen Oerlikon’s footprint in the global luxury metalware market.

Riri’s portfolio, particularly in zippers and buttons, is an excellent fit to Oerlikon’s strengths in coated metal-based fashion components. Together, they are ideally positioned in Italy and France – the two major European fashion hubs – and can provide a complete offering to fashion customers.

Joining Oerlikon will allow Riri to accelerate the luxury goods industry’s sustainability transition to greener technology by applying technologies such as Oerlikon’s PVD or physical vapor deposition. This is a thin-film coating solution that is more environmental-friendly than traditional processes such as chrome plating.