The king of perfume bottles sells its Spanish industrial subsidiary
The French group Verescence appoints Lincoln to sell La Granja, a manufacturer of insulators for high-voltage lines.
French group Verescence has hired Lincoln International as a financial advisor to explore the sale of its high-voltage electrical insulators business, operated through Spanish company La Granja Insulators. La Granja Insulators, based in La Granja de San Ildefonso, Segovia, is the second-largest company in its sector in Europe, with over €50 million in revenue and nearly €20 million in EBITDA.
The company's sale is expected to attract interest from private equity funds due to the growing demand for electrical grid investments driven by the electrification of the economy. Verescence, which also produces perfume bottles for luxury brands such as LVMH and Hermès, is owned by Portuguese private equity firms Movendo Capital and Draycott.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
