Verescence, the 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 Europe, North America and Asia. 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 decarbonization roadmap. We are convinced that this project is positive for all our employees, our customers and our partners,” comments Thomas Riou, President of Verescence.
João Coelho Borges, Founding Partner of Draycott, and Pedro Pereira Gonçalves, CEO of Movendo, concluded: “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.”
About Verescence
Verescence is the global leader in glass bottle manufacturing for the Perfumery and Cosmetics industry and has a production capacity of 600 million bottles per year. Verescence supplies its customers with glass through high-quality, environmentally friendly, and innovative solutions. The company has 130 years of glass expertise and a unique geographical footprint (4 glass production sites and 5 finishing sites in France, Spain, the United States and South Korea), making it the partner of choice for the world’s largest beauty market players.
For more information, visit www.verescence.com
About Movendo
Movendo Capital is an investment company based in the Netherlands and operating in Europe and United States. The company is focused on managing investments in growing companies that operate in the food value chain and branded consumer goods, with an innovative business approach, which are located in Europe and the United States. Movendo Capital is owned by Sociedade Francisco Manuel dos Santos, a fourth-generation family holding that is owned by Portuguese family shareholders with a range of investments in different areas, namely, distribution, manufacturing, agrifood, specialized retail, citizenship, and environment.
About Draycott
Draycott is an emerging Portugal-based investment management firm, founded by a senior team with more than 20 years of experience in private investments and a track record of investing more than EUR 2 billion in equity across multiple sectors. Draycott operates across buyouts, real estate, and venture capital, actively building a leading position in private equity, focusing on disciplined investments and value creation. Among its investment vehicles, Draycott Fund I serves as the family office of its founding partner and will be the vehicle participating in the acquisition of Verescence. This investment reflects a long-term strategic approach, while benefiting from a professionalized team.
For more information, visit https://draycott.pt/
