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Cedric Meston to Take Over Duralex

French businessman Cedric Meston is taking over struggling glassmaker Duralex through his investment firm Tome. The acquisition is expected to save around 150 jobs at the iconic company.

Glasses go under fire during production at the Duralex International glass factory in La Chapelle-Saint-Mesmin, near Orleans, France March 10, 2017. REUTERS/Benoit Tessier

French businessman Cedric Meston is taking over struggling glassmaker Duralex, saving 150 jobs following administration proceedings earlier this year. Meston announced the takeover on Wednesday alongside the France government. The deal marks a turning point for the iconic manufacturer. Financial terms of the acquisition were not disclosed by the investment holding company Tome.
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