Verescence, world leader in glass bottles for the perfume and cosmetics industries, today announced the arrival of Stirling Square Capital Partners, a pan-European investment company, as a new shareholder in the group.
With over 120 years of glassmaking expertise, Verescence is a privileged partner of the leading brands in the beauty industry. Verescence produces 500 million bottles a year at its 3 glass production sites and 4 finishing sites in Europe and North America. In 2018, Verescence employed 2,300 people worldwide and generated sales of 305 million euros.
"We are delighted with the arrival of Stirling Square Capital Partners as a new shareholder in the group, which will enable us to accelerate our international deployment and launch our new corporate project Verescence 2022 - Forming the future. This project is accompanied by a massive 122 million euro investment plan", comments Thomas Riou, President of Verescence.
"Verescence is the leader in its market and the preferred partner of the most prestigious brands. We are delighted to join forces with Thomas Riou and his teams, to pursue the path of operational excellence, accelerate innovation programs and develop our global presence", says Julien Horreard, Partner at Stirling Square Capital Partners.
