The recovery, with the maintenance of almost all jobs, was validated Thursday by the commercial court of Orleans.
Good news for Duralex. The offer from Pyrex’s parent company, International Cookware, for the purchase of the famous glassworks, with the maintenance of almost all jobs, was validated Thursday, January 28 by the Orléans commercial court. The Châteauroux-based group was the only candidate still in the running to buy Duralex, in receivership since September 2020 and which has 248 employees.
Pyrex’s parent company, 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 euros over the period 2021 to 2024” and to provide 21 million equity over the same period, including 12 million this year, according to the court ruling.
International Cookware, owned by the European investment fund Kartesia, also plans to maintain 246 out of 248 jobs, only two senior executives not being retained.