By  on October 2, 2012

LONDON Compagnie Financière Richemont has acquired a 100 percent stake in Varin-Etampage and Varinor (VVSA), a manufacturer of high-end, stamped exterior components for watches, a gold refiner and a producer of semi-finished precious metal products for the watch and jewelry industry.

The acquisition is Richemont's second in less than two weeks: On Sept. 21, Richemont acquired Peter Millar LLC, a U.S.-based, international luxury apparel business.

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