Tervis Tumbler exits Chapter 11 bankruptcy

Tervis Tumbler has emerged from bankruptcy, more than five months after declaring Chapter 11. The Sarasota County drinkware company has a new strategy — including a home goods line of plates and bowls — its leaders say will propel it into a brighter future.

Tervis filed for Chapter 11 bankruptcy Sept. 5, 2024, citing industry shifts and ongoing litigation as factors. The company had $15.7 million in assets and owed more than $32 million to creditors when it filed for bankruptcy, according to court documents.