The company that makes the Instant Pot kitchen appliance has signed a definitive agreement to merge with Corelle Brands LLC.
The Ottawa-based Instant Brands and Corelle did not disclose financial terms of the transaction, which is expected to be completed during the second quarter of this year.
Corelle’s chief executive officer Ken Wilkes will serve as the top executive of the combined company.
Instant Brands’s CEO Robert Wang will be the new company’s chief innovation officer.
Get breaking National news
For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Instant Brands, which Wang founded in 2009, will retain its Ottawa headquarters.
Corelle, which is headquartered in Rosemont, Ill., manufactures and markets multiple houseware brands, including Pyrex.
WATCH (Feb. 17, 2018) – Simply Supper: Instant Pot Meal
![Click to play video: 'Simply Supper: Instant Pot Meal']()
Comments