Instant Brands receives extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Jan. 2 – Instant Brands Holdings Inc. secured an extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

Specifically, the court extended the exclusive plan filing period through March 15 and the exclusive solicitation period through April 15.

As previously reported, the company filed a plan last month.

The exclusivity extension motion was filed in October and later supplemented with new proposed dates.

The company is seeking a Jan. 8 hearing on approval of the disclosure statement.

Instant Brands is a Downers Grove, Ill.-based manufacturer of kitchen and houseware brands, such as Instant Pot, Pyrex, Corelle, CorningWare, SnapWare, Chicago Cutlery and Visions. The company filed bankruptcy on June 12, 2023 under Chapter 11 case number 23-90716.

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