Aurora Capital Group Acquires Arc International Cookware
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Aurora Capital Group Acquires Arc International Cookware

arc inter nfAurora Capital Group has completed the acquisition of Arc International Cookware (Arc) from Arc International Group S.A. (ArcSA). The purchase includes the following ArcSA subsidiaries: Arc International Cookware Spain & Portugal, Arc International Cookware Srl (Italy) and Arc International Cookware Ltd (UK). Upon closing of the transaction the company was renamed International Cookware.

International Cookware designs, manufactures and distributes cookware and kitchen products, including glass and ceramic ovenware, metal and silicone bakeware, top-of-stove cookware, prepware, utensils and storage products. The company sells its manufactured tempered borosilicate glass (glass that is resistant to thermal shock) ovenware products under the PYREX brand name within Europe, the Middle East and Africa (EMEA), and sells products under its proprietary ARCUISINE and PYROFLAM brands within EMEA, North America, South America and Asia. International Cookware also operates the largest borosilicate glass facility in the world for the manufacture of tempered glass. The company is headquartered in Roissy, France (www.arc-international-cookware.com).

The acquisition of International Cookware was made through Aurora Resurgence Fund II LP which closed in October 2013 with $550 million in capital commitments.

“We see a tremendous opportunity to grow International Cookware and capitalize on its strategic position in the large and highly fragmented housewares market,” said Steven Smith, Managing Partner of Aurora Resurgence. “Aurora Resurgence excels in corporate carve-outs and similar transactions, with the ability to provide quick, flexible capital to stakeholders and substantial resources to management teams. This is our second new investment in Resurgence Fund II and we are pleased to add another well-positioned company.”

Aurora Capital focuses principally on control investments in middle-market industrial, manufacturing and service oriented businesses. The firm, founded in 1991, has $2 billion of capital under management and is headquartered in Los Angeles (www.auroracap.com).

“International Cookware represents another great addition to the Aurora Capital Group portfolio,” said Gerald 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.”

© 2014 PEPD • Private Equity’s Leading News Magazine • 2-5-14

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