Aurora Resurgence, an affiliate of Aurora Capital Group, a Los Angeles-based private equity firm, has completed the acquisition of Paris-based Arc International Cookware S.A.S. and its subsidiaries – Arc International Cookware Spain & Portugal, Arc International Cookware Srl and Arc International Cookware Ltd – from the Arc International Group S.A.
The company will be renamed International Cookware as part of the corporate carve-out. Financial terms of the transaction were not disclosed.
International Cookware, which operates as an autonomous subsidiary, specializes in the design, manufacture and distribution of multi-material cookware products. It holds the exclusive license for the distribution of Pyrex-brand products in Europe, the Middle East and Africa, where the brand is a leader in the glass ovenware market. International Cookware also operates the largest borosilicate glass facility in the world for the manufacture of tempered glass with industry-leading heat- and thermal-shock-resistance. It is highly regarded in its markets for best-in-class product quality and innovative design capability.
“International Cookware represents another great addition to the Aurora Capital Group portfolio,” said Gerald L. Parsky, chairman of Aurora Capital. “Aurora focuses on leading middle market companies, and the Resurgence team has demonstrated the ability to identify and acquire high-potential opportunities overseas. Aurora has a long track record of creating value by collaborating with management teams to facilitate growth, and we look forward to doing so with International Cookware.”
Aurora Capital Group is a Los Angeles-based investment firm formed in 1991 that acquires and builds companies in partnership with operating management. The firm currently manages approximately $2 billion in capital and is committed to investing in companies with unique, defensible market positions.