Tupperware
The food storage brand that invented the category and the party.
Status: Avoid
- Founded
- 1946
- Website
- tupperware.com
- HQ
- USA
- Manufacturing
- Mexico
- Ownership type
- Lender-owned
- Parent
- Party Products LLC (Stonehill Capital, Alden Global)
- Acquired
- 2024
- Status since
- 2026-07-13
Ownership
Chapter 11 September 2024. Sold to a lender group including Stonehill Capital and Alden Global for $23.5M cash plus about $63M in debt relief. Last US plant (Hemingway SC, 148 jobs) closed; production moved to Mexico.
Why Avoid
Now owned in part by Alden Global, the firm best known for strip-mining newspapers. The brand is the asset; everything else was liability.
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