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Shared in the Soares dos Santos and Draycott family sells glass company in Spain

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 21/09/2026, 15:35:15 UTC.

Briefings

French luxury fragrance bottle manufacturer Verescence, owned by Portuguese family Draycott and Movendo, is selling its high-voltage glass insulator division to Spanish La Granja Insulators. The transaction involves a €490 million stake acquired in 2025, with Draycott leading the restructuring to modernize facilities in the US and Spain. While the company expects to double production capacity via new factory construction, the specific timeline for this expansion remains unclear. The deal is currently in early stages and has attracted interest from Spanish private equity funds focused on the electric vehicle and data center sectors.

Key points

• Verescence, a French luxury fragrance manufacturer, sold its high-voltage glass insulator division to Spanish La Granja Insulators via a €490 million stake acquired in 2025.
• Draycott, the Portuguese family holding Verescence, is restructuring the Spanish subsidiary to modernize facilities and expand production capacity through new factory construction.

Context and limitations

The article reports on an early-stage transaction involving a €490 million stake and a €20 million EBITDA, but specific dates for the sale completion, the exact timeline for the new factory construction, and the final projected revenue figures are not provided.

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