Instant Brands Inc., the maker of the popular Instant Pot, is merging with Corelle Brands LLC, which makes houseware mainstays such as Corelle, Pyrex, CorningWare and SnapWare, in a combination their owners hope will be a recipe for success. The companies, which plan to announce the deal Monday, aren’t disclosing financial terms. People familiar with the matter said the combined company would have an enterprise value of more than $2 billion.

Source: Wall Street Journal March 03, 2019 22:52 UTC