On the record · Other
Instant Brands (Instant Pot / Pyrex)
Cornell Capital merged the wildly popular Instant Pot with Corelle Brands (Pyrex, CorningWare, Corelle) and loaded debt onto the combined company. Despite Instant Pot being a cultural phenomenon, the debt burden was unsustainable. Filed Chapter 11 in June 2023 with ~$500M in debt.
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
1 ownership record has an unresolved current/former status.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Date not recorded
What happened under and after ownership
Operating outcome
Operating through distress or restructuring
Filed Chapter 11 in June 2023 carrying roughly $512 million in debt; the company continued selling Instant Pot, Pyrex and its other products throughout.
Split in the sale: Centre Lane Partners bought the appliances business (Instant Pot) in November 2023, and the housewares business exited separately in February 2024 as Corelle Brands.
- Founded
- 2009
- Peak headcount
- 2,400
- Sponsor at closure
- Cornell Capital LLC
- NBC News · continued sales during Chapter 11
- Centre Lane Partners (company primary) · 2023 · Centre Lane Partners closed its acquisition of the Instant Brands appliances division in November 2023
- Retail Dive · housewares business (Corelle, Pyrex, CorningWare, Snapware) exited separately as Corelle Brands, February 2024
- Wikipedia · the company was founded in 2009 as Double Insight Inc. by Robert Wang, Yi Qin and three Canadian partners
- CNN Business · 2023 · Instant Brands employed over 2,400 people worldwide around the time of its June 2023 Chapter 11 filing
- PR Newswire (company primary) · 2019 · Cornell Capital's Corelle Brands merged with (effectively acquired) Instant Brands in 2019, making Cornell Capital the controlling owner heading into the 2023 b
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
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