EveryWare Global Sells UK Business
Posted on August 25, 2014 by
LANCASTER, Ohio-EveryWare Global's Oneida International subsidiary last week agreed to sell its United Kingdom business to HUK 54 Limited for ?3.7 million British pounds, or approximately $6.13 million. The agreement includes debts paid by HUK to EveryWare Global and the repayment of Oneida's revolving credit facility with Burdale Financial Limited.
EveryWare retains all rights to the Oneida, Anchor Hocking and Sant' Andrea brands.
"This transaction represents another step toward building a profitable future for EveryWare," said CEO Sam Solomon. "We are confident that there remain long-term opportunities to build and grow our brands internationally. Our energies are currently focused on solidifying our core North American operations, and this sale ensures that our resources are dedicated to those initiatives."