Corning Glass to Purchase Revere Ware
CORNING, N.Y. — Corning Glass Works, the nation’s leading maker of cookware, said Friday that it has signed a definitive agreement to purchase Revere Ware Inc., the second-largest manufacturer of range-top cookware.
Corning said the acquisition would be made in cash, but spokesman Eugene Saunders would not comment on a report that the price was $120 million.
Revere Ware, a Clinton, Ill.-based maker of stainless steel and copper cookware, is a subsidiary of the privately held Revere Copper and Brass Inc., founded by Paul Revere in 1801.
Revere Ware President Peter Cameron could not be reached immediately for comment.
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