Oneida Acquired by Monomoy Capital Partners

Oneida Ltd., an Oneida, NY-based a supplier of flatware and dinnerware to the foodservice market, has been acquired by private equity fund Monomoy Capital Partners.

The amount of the investment, which was made through Monomoy Capital Partners II, remained undisclosed.

Founded in 1880 and led by President and CEO Jim Joseph, Oneida designs, markets and distributes flatware and dinnerware in the consumer and foodservice industries. Its markets include North America, Latin America, Europe, Middle East, Africa and Asia.
The company operates distribution centers in Savannah, Georgia, Canada, Mexico and England and maintains procurement offices in New York and Guangzhou, China.

Oneida’s product line includes stainless and silverplated flatware as well as dinnerware, bakeware, crystal, serveware, buffetware, cookware, cutlery and kitchen utensils.

Following the close of the transaction, Oneida will work with The Anchor Hocking Corp., a North American designer, manufacturer and distributor of tabletop glassware products owned by Monomoy, to provide the market place a complete tabletop solution. Anchor’s product line currently includes glass beverageware, bakeware, storage containers and barware; glass candle containers; high-end spirit bottles and specialty glass items.

FinSMEs

03/11/2011

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