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International Cookware, Pyrex’s parent company, takes over Duralex

The offer from International Cookware, the parent company of Pyrex, for the purchase of Duralex was validated by the Orléans commercial court

Despite its notoriety, French tableware manufacturer Duralex experienced bankruptcy in 2005 and in 2008, before being taken over at the last minute by its current managers. In 2017, its problems worsened and the situation deteriorated further last year with the health crisis.

International Cookware, owned by the Kartesia investment fund, intends to restore this symbol of made in France to its place. The parent company of Pyrex, which had received support from the Center-Val de Loire region and Orleans Métropole, is proposing an ambitious recovery plan for Duralex. In particular, it plans to invest up to 17.4 million EUR over the period 2021 to 2024 and to bring 21 million EUR equity capital over the same period, including 12 million EUR this year, according to the court ruling.

International Cookware also guarantees to maintain the 248 jobs (except two senior executives), and even promises new hires if production starts up again. It also intends to create commercial synergies with Pyrex.

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