Tupperware
November 27, 2024
NEW YORK, November 27, 2024 --
Party Products LLC, formed by a group of secured lenders to Tupperware Brands Corporation, said it completed the acquisition of certain Tupperware assets, including global rights to the brand name and related intellectual property and operations in core geographic markets.
Party Products said it will initially offer Tupperware products in selected core markets worldwide and that operations there will continue uninterrupted through independent sales consultants, ecommerce sites and retail partners. The buyer group includes Stonehill Capital Management and Alden Global Capital.
The closing follows November bankruptcy-court approval of the sale that grew out of Tupperware's September Chapter 11 filing and the October agreement to abandon an open auction in favor of the lender credit bid.