Riri is a leading provider of coated metal accessories for the luxury fashion industry. This deal is the logical strategic next step to complement Oerlikon’s acquisition of Coeurdor in 2021. This acquisition expands Oerlikon’s foothold in the luxury market and together creates a leading platform in luxury metalware. As the demand for PVD coatings grows, Oerlikon’s leading-edge PVD technologies that provide environmentally friendly solutions will accelerate the shift of the luxury goods industry to greener PVD technology.

“The acquisition leverages Oerlikon’s core PVD coating competencies into applications in the luxury market,” said Michael Suess, Executive Chairman. “The combined expertise, cutting-edge technology and luxury market know-how make Oerlikon a market leader in this sector. We look forward to partnering with our luxury brand customers and helping them to become more sustainable.”