On November 1, 2024, a U.S. bankruptcy judge approved the sale, allowing Tupperware to exit Chapter 11 protection. The new owners, operating under the name "The New Tupperware Company," plan to focus on core markets while leveraging both online and traditional sales channels.
The transaction is intended to close by the end of October 2024, subject to approval by the United States Bankruptcy Court for the District of Delaware and other customary closing conditions. Following closing, The New Tupperware Company will be privately held under the supportive ownership of the Lender Group.
Tupperware has announced that it will shut down its last remaining manufacturing facility in the U.S. and move its operations to Mexico, causing more than 100 workers to lose their jobs. Though any company closing in this economy isn't a shock, it is sad to see a brand Americans saved money on for years leave the US.
In September this year, Tupperware Brands filed for bankruptcy in a Delaware court as demand fell, losses mounted, the stock slumped and debt rose. Tupperware revolutionized food and kitchen storage in the latter half of the 20th century and became a household name.
Tupperware announced this week that it will close its last remaining U.S. factory in early 2025, laying off 148 employees. Production will shift from South Carolina to Mexico, where the company already has a presence.
While there is no set timeframe for replacing plastic food containers, experts say they should be tossed out when they show visible wear, chips, cracks, or signs of stains and odors. In place of plastic containers, experts recommend opting for glass or stainless steel instead.
Lender group completes acquisition of Tupperware's assets. Party Products LLC — made up of Stonehill Capital Management and Alden Global Capital — has acquired the company's brand name and other assets. This audio is auto-generated.
LIMITED LIFETIME WARRANTY
In the event of a product's failure to meet the foregoing warranty, Tupperware, at its election, will either replace the affected product with a like or similar product or provide a credit toward future purchases of Tupperware® brand products.
Tupperware containers will now be available at Target, in a major shift for the 76-year-old brand.
If you look at the bottom of your plastic food storage containers and they have a #2, #4, or #5, those are generally recognized as safe for food and drink. If any of your containers have a #3, #6, or #7, those should be disposed of because they are considered high-risk plastics.
Lender groups Stonehill Capital Management Partners and Alden Global Capital will be involved in the private purchase of all Tupperware's intellectual property, including the Tupperware brand and its portfolio of products, in addition to operating assets in the U.S and those owned by foreign subsidiaries.
BPA is most commonly found in plastic material (water bottles, food storage containers, lining of canned foods, etc.) and can cause any range of health issues from increased blood pressure and cancer risks to obesity and diabetes.
The iconic plastic food container company will shift all of its manufacturing operations to Mexico, where many of its products sold in the US and Canada are already made.
Old Tupperware, especially those over a decade old, might contain hazardous chemicals like cadmium, lead, and arsenic. These can leach into your food, posing significant health risks. Vintage Tupperware products are particularly concerning due to the potential leaching of additional harmful substances.
Tupperware Brands is shuttering its last remaining manufacturing plant in the U.S. and moving operations to Mexico, costing more than 100 workers their jobs.
Tupperware manufactures its products globally, including in the USA. They also manufacture in China, Brazil, Belgium, France, Greece, India, Japan, Korea, Mexico, Portugal, and South Africa.
Tupperware offers a full lifetime warranty on all of its tools and products against chipping, breaking, peeling and cracking.
Scratches or Cracks: If a container is scratched or cracked, it's time to toss it. Cracks can jeopardize the integrity of the container and foster harmful bacteria. Punctured: Leaking storage containers will not only create a mess, but it will be impossible to safely transport food.
Tupperware® brand products are warranted by Tupperware against chipping, cracking, breaking or peeling under normal non-commercial use for the lifetime of the product. Please contact our Customer Care at 1-800-TUPPERWARE (1-800-887-7379) for assistance or through chat at Tupperware.com.
On November 1, 2024, a U.S. bankruptcy judge approved the sale, allowing Tupperware to exit Chapter 11 protection. The new owners, operating under the name "The New Tupperware Company," plan to focus on core markets while leveraging both online and traditional sales channels.
1940s. Tupperware products are first debuted by chemist Earl S. Tupper in Massachusetts, including the still-iconic Wonderlier® Bowl.
Tupperware is revitalizing under new ownership after exiting Chapter 11 bankruptcy protection. The brand has been acquired by a group of lenders for $23.5 million in cash and over $63 million in debt relief. The reorganized company will focus on core global markets including the US, Canada, and India.
Tupperware Brands's top competitors include Repurpose, Bevi, and Citron. Repurpose produces single-use products in the sustainable goods sector. The company offers items including tableware, drinkware, and kitchen and bath products, designed…