Stirling Square Capital Partners, new shareholder of Verescence

March 18th 2019

verescence, world leader in packaging glass for the industries of perfumery and cosmetics, has announced the arrival of Stirling Square Capital Partners, a pan-European private equity firm, as a new shareholder in the group.
"The arrival of Stirling Square Capital Partners as a new shareholder in our group will allow us to accelerate our international expansion and our new strategic plan 'Verescence 2022 - Shaping the future', a project that includes a massive investment plan of 122 million euros", says Thomas Riou, President of Verescence.
“Verescence is the best genuine player in its field, acting as a crucial supplier for the most prestigious brands in the world. It is a true innovator in its category, pushing the technical and design limits of what can be achieved. We are delighted to partner with CEO Thomas Riou and his highly trained team to continue the company's journey to operational excellence, ”said Julien Horreard, Partner at Stirling Square Capital Partners.
Verescence produces 500 million bottles per year at its 3 glass production plants and 4 decoration factories in Europe and North America. In 2018, the company employed 2,300 people worldwide and achieved sales revenue of € 305 million.

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