Verescence, a world leader in glass bottles for the Perfumery and Cosmetics industries, today announces the arrival of the consortium composed of Movendo Capital and Draycott, two family-owned investment holdings, as the group’s new shareholder.
With 130 years of glassmaking know-how, Verescence is a privileged partner of the biggest brands in the beauty industry. Verescence produces 600 million bottles per year in its 4 glass production sites and 5 finishing sites in France, Spain, the United States and South Korea. In 2024, Verescence employed 2,500 people worldwide.
“We are pleased to welcome new shareholders who support our strategy, investment plans and sustainability program, including our decarbonisation roadmap. We are convinced that this project is positive for all our employees, our customers and our partners,” said Thomas Riou, President of Verescence.
João Coelho Borges, Founding Partner of Draycott, and Pedro Pereira Gonçalves, CEO of Movendo, added, “We are delighted to acquire a global leader with a strong and experienced management team that is perfectly aligned with our value creation strategy. Verescence’s leading position in the industry aligns with our investment criteria in several key dimensions. By combining management’s expertise with our own, we aim for sustainable growth and value creation for all stakeholders.”