Verescence has announced the acquisition of a majority stake in Pacificglas, a Korean glass cosmetics packaging company. Verescence will also enter into a long-term partnership with Amorepacific, the now former parent company of Pacificglas.
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Thomas Riou, CEO of Verescence, said: “We are delighted with the acquisition of a majority stake in Pacificglas and the long-term partnership with Amorepacific.This is a major step in our Strategic Plan, Verescence 2022. Amorepacific will become a top customer of Verescence group and with Pacificglas, Verescence will reinforce its leadership in high-end perfumery and cosmetic glass packaging. From this strong base Verescence plans to become a pan-Asian leader and will invest in technology and capacity to meet growing demand of high-end glass."