Verescence, known for its glass packaging manufacturing for the perfumery and cosmetics industry, has announced that Stirling Square Capital Partners has entered into exclusive negotiations with funds managed by Oaktree Capital Management, L.P. to acquire its entire stake in the company.

With a 120-year history, Verescence owns three glass production and four decoration facilities in Europe and North America, and produces over 500 million bottles every year. In 2017 the company employed 2,300 people across the globe and registered sales of over 280 million Euros.

See Verescence’s jar for Guerlain’s Orchidee Imperiale

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