Kartesia buys International Cookware from Aurora Resurgence

Kartesia provided the entire unitranche financing, as well as the majority of the equity, and will become the new majority shareholder of the group.

The GP intends to accelerate the company's growth, notably in the fields of product innovation, industrial efficiency and commercial development, increase its customer base, and bolster its international expansion.

The sale ends a six-year holding period for Aurora, which acquired a majority stake in International Cookware from Arc International Group.

Company
Established in 1970, International Cookware designs, manufactures and distributes cookware equipment, mainly made of borosilicate glass. Its products are primarily sold under the Pyrex brand, which is commercialised across the EMEA region under an exclusive licensing agreement granted by Corning.

The group has also developed its own cookware brand, Ôcuisine, which has a large range of products distributed in 146 countries worldwide.

The company is headquartered in Vincennes, France, with additional offices across the rest of Europe and the Middle East, and operates a plant located in Châteauroux, which manufactures 44 million products per year.

International Cookware employs 500 staff and generated revenues of €103m in 2019, of which 80% came from outside France. The company reported an EBITDA margin of around 13%.

People
Kartesia – Damien Scaillierez (managing partner).
International Cookware - Jose-Luis Llacuna (president).

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• Topics
• Buyouts
• France
• Consumer
• Kartesia
• France
• Secondary buyout