Verescence glassmaker confirms shareholder

  

French perfumery and cosmetic glass manufacturer Verescence has confirmed Stirling Square Capital Partners as a shareholder of the group.

Stirling Square is a pan-Europe private equity firm based in the UK.

Verescence produces 500 million bottles per year in its three glass production sites and its four decoration sites in Europe and North America.

In 2018, the company employed 2,300 people and achieved sales revenue of €305 million. 

Thomas Riou, President of Verescence, said: “The arrival of Stirling Square Capital Partners as new shareholder of our group will enable us to accelerate our international expansion and our new strategic plan Verescence 2022 - Forming the future.

"A project which includes a massive investment plan of €122 million euros.”

Pictured: The Verescence site in Mers-les-Bains, France.