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Verescence has partnered with Movendo Capital and Draycott.
May 27, 2025
By: Jamie Matusow
Verescence, a global leader in glass bottles for the Perfumery and Cosmetics industries, has announced a new partnership composed of Movendo Capital and Draycott, two family-owned investment holdings, as the group’s new shareholder.
The 130-year-old glassmaker serves some of the largest brands in the beauty industry. It produces 600 million bottles annually in 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,” said Thomas Riou, President of Verescence.
Photo: Guillaume Crochez
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