Oerlikon is a global innovation powerhouse for surface engineering, polymer processing, and additive manufacturing. The Group’s solutions and comprehensive services, together with its advanced materials, improve and maximize the performance, function, design, and sustainability of its customers’ products and manufacturing processes in key industries. everything Oerlikon invents and does is guided by its passion for supporting customers’ goals and fostering a sustainable world.
Continuing the efforts and its vision of diversification, Oerlikon signed a definitive agreement to acquire Riri, a leading provider of coated metal accessories for the luxury fashion industry. This transaction marks a milestone in Oerlikon’s growth strategy and diversifies Surface Solutions’ offerings and market access. The transaction is expected to close in the first quarter of 2023, subject to regulatory approvals and standard closing conditions.
Riri, headquartered in Mendrisio, Switzerland, is a market leader in metal accessories manufacturing, with a wide product range and unique offerings. The company supplies leading global brands in the luxury fashion industry and has a strong foothold in the Italian luxury market. The company has more than 1 100 employees and expects to generate sales of EUR ~170 million (CHF ~165 million) in 2022. The high quality of its productions, season after season, supported by constant innovation, unmistakable personalization of details, and the continuous search for excellence, makes the Riri Group a preferred choice for many influential brands in the fashion, luxury accessory, outdoor, and denim industries.
A multi-brand strategy and its dedicated production plants in Mendrisio, Padua, Tirano (Sondrio), Poggio a Caiano (Prato), Scarperia and San Piero a Sieve (Florence), Badia al Pino (Arezzo) and Palazzolo (Brescia) guarantee sufficient production to meet the multi-faceted style requirements of all customers.
