Verescence, the global manufacturer of glass flacons for the perfume and cosmetics industry, has gained two new family-run investment companies, Movendo Capital and Draycott, as shareholders.
Verescence, the global market leader for glass packaging in the beauty segment, has announced its acquisition by a consortium consisting of the investment firms Movendo Capital and Draycott. The new shareholders are acquiring a majority stake in the long-established company based in France.
With 130 years of experience in glass manufacturing, Verescence produces 600 million glass flacons at four production sites and five finishing plants in Europe, North America and Asia. In 2024, the company employed around 2,500 people worldwide.
Focus on sustainability and investments
Verescence President Thomas Riou emphasises that the new owners expressly support the company's strategic direction - including the decarbonisation strategy and ongoing investment programmes. According to their own statements, the two new investors are pursuing a family-led, long-term investment strategy.
The new ownership structure should now provide Verescence with additional capital and entrepreneurial clout for the next development steps - particularly with regard to global competition and the growing demand for sustainable luxury packaging.
Source: Verescence
