Stirling Square Capital Partners (“Stirling Square”), a leading pan-European mid-market private equity firm, today announces the acquisition of Verescence (“Verescence” or the “Company”).
Headquartered in Paris, France Verescence is the global leader in glass packaging for the Perfumery and Cosmetics industries. It commands 30% of the €1bn Perfumery market and 40% of the premium Perfumery segment. With over 120 years of history, Verescence serves as a key partner to the beauty industry’s most well-known brands. The business employs 2,300 workers in three glass plants and four decoration facilities across France, Spain and North America. In 2018 Verescence generated revenues over €300m.
Julien Horreard of Stirling Square said: “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.”