Verescence Welcomes New Shareholders Movendo Capital and Draycott
Verescence, the global leader in glass bottles for the Perfumery and Cosmetics industries, has announced the arrival of new shareholders: Movendo Capital and Draycott. These two family-owned investment firms bring deep experience and a shared commitment to long-term value creation. The move is expected to strengthen Verescence’s global operations, which span 4 glass production sites and 5 finishing sites across Europe, North America, and Asia, with a workforce of 2,500 employees.
The leadership at Verescence, including President Thomas Riou, expressed enthusiasm for the new partnership, citing alignment with the company’s strategic roadmap and sustainability efforts. “We are pleased to welcome new shareholders who support our strategy, investment plans, and decarbonization roadmap,” said Riou. With over 130 years of glassmaking expertise and an annual output of 600 million bottles, Verescence continues to be a preferred partner for top beauty brands worldwide.
Representatives from both investment firms echoed the optimism, highlighting Verescence’s industry leadership and potential for sustainable growth. João Coelho Borges of Draycott and Pedro Pereira Gonçalves of Movendo emphasized their intent to collaborate closely with Verescence’s management to drive innovation and stakeholder value. “Verescence fits perfectly with our long-term investment vision,” added Pereira Gonçalves. “Together, we aim to scale new heights while maintaining a strong focus on sustainability and operational excellence.”
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
For more information, visit www.verescence.com
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