Stirling Square Capital Partners, new shareholder of Verescence
Verescence, global leader in glass packaging for the Perfumery and Cosmetics industries, is announcing the arrival of Stirling Square Capital Partners, a leading pan-European private equity firm, as new shareholder of the group.
For over 120 years, Verescence is a privileged partner of the biggest brands due to its extensive know-how and expertise. Verescence produces 500 million bottles per year in its 3 glass production sites and its 4 decoration sites in Europe and North America. In 2018, the company employed 2,300 people worldwide and achieved sales revenue of 305 million euros.
« 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. », comments Thomas Riou, President of Verescence.
« Verescence is the genuine best-in-class player in its field, acting as a critical supplier to the world’s most prestigious brands. It is a true innovator in its category, expanding the design and technical boundaries of what can be achieved. We are delighted to partner with CEO Thomas Riou and his highly accomplished team to continue the Company’s journey towards operational excellence. », said Julien Horreard, Partner at Stirling Square Capital Partners.
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