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Oerlikon consolidates Riri in luxury market push

01/03/2023
Oerlikon consolidates Riri in luxury market push

Textile machinery manufacturer Oerlikon has consolidated zipper, fastener and rivet supplier Riri, also based in Switzerland, as of March 1.

The news of the acquisition first broke in December.

A new business unit, Oerlikon Luxury, will be led by Renato Usoni, formerly chief executive at Riri.

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