Pyrex, a well-known brand for glass cookware and bakeware, has a rich history and has changed ownership several times. The brand's journey from a single laboratory to a global household name is an interesting tale of innovation, mergers, and acquisitions. Let's delve into the history of Pyrex and explore who currently owns the brand.
Early History and Corning Incorporated
The story of Pyrex begins in 1915 when Corning Incorporated, a American company specializing in glass and ceramics, developed a new type of glass called "Pyrex." This glass was unique as it could withstand high temperatures without shattering, making it ideal for laboratory use. The first Pyrex products were laboratory glassware, and the brand was born.
Corning Incorporated, founded in 1851, is a multinational technology company based in New York, USA. It is a pioneer in specialty glass and ceramics, with a history of innovation that spans over 160 years. Corning is the original owner and developer of the Pyrex brand.
Expansion into Consumer Market
In the 1930s, Corning realized the potential of Pyrex glass beyond the laboratory. They started marketing Pyrex products for home use, introducing the iconic Pyrex baking dishes. These dishes were durable, non-porous, and could withstand high temperatures, making them perfect for baking and cooking. This marked the beginning of Pyrex's entry into the consumer market.
World War II and Beyond
During World War II, Pyrex production shifted to support the war effort, manufacturing glass for military use. Post-war, Pyrex resumed its consumer focus, expanding its product line to include measuring cups, mixing bowls, and other kitchenware. Throughout the mid-20th century, Pyrex became a staple in American kitchens.
Mergers and Acquisitions
The ownership of Pyrex has changed hands several times due to mergers and acquisitions. In 1998, Corning Incorporated sold its consumer products division, including Pyrex, to the World Kitchen LLC. World Kitchen is a privately-held company that specializes in the design, manufacture, and marketing of kitchenware and housewares.
In 2010, the French company, Groupe SEB, acquired World Kitchen LLC. Groupe SEB is a global leader in small domestic appliances and cookware, with a portfolio of brands including Tefal, Lagostina, and All-Clad. This acquisition made Groupe SEB the new owner of the Pyrex brand.
Pyrex Today
Today, Pyrex is a globally recognized brand, offering a wide range of products including bakeware, cookware, storage containers, and measuring tools. The brand continues to innovate, introducing new products that cater to modern cooking and baking needs. Despite changes in ownership, the Pyrex brand remains synonymous with quality, durability, and versatility in the kitchen.
In terms of current ownership, Groupe SEB is the parent company of Pyrex. However, the Pyrex brand is managed independently within the World Kitchen LLC subsidiary, which is a wholly-owned subsidiary of Groupe SEB. This structure allows Pyrex to maintain its unique identity while benefiting from the global reach and resources of its parent company.
