Oneida Acquired by Private Equity Group

NEW YORK-Monomoy Capital Partners, a New York private equity fund, has acquired Oneida. Terms of the transaction were not disclosed.

Monomoy Capital Partners also owns glassware maker Anchor Hocking, and it said this new acquisition will provide the market with "a complete tabletop solution."

Dan Collin, a partner at Monomoy, said Oneida is one of the "world's most recognized brand names in home products," with an established network of vendors and a strong management team. "[We] will immediately act to take advantage of Oneida's multiple avenues for growth and expansion both in North America and abroad," Collin said. "A strong alliance between Oneida and Anchor Hocking will bring huge benefits to their customers and the industry as a whole."

In a statement, Jim Joseph, president and CEO of Oneida, said, "We could not ask for a better scenario: being acquired by Monomoy, well known for investing in brands and companies they believe in, combined with the privilege to work with another iconic American brand like Anchor Hocking that is a part of Monomoy's portfolio of companies. This is a unique opportunity."

 

The acquisition does not affect the licensing agreement between Oneida and Robinson Home Products, a press representative for Robinson said.

HFN Staff | News & Commentary

HFN provides detailed information on the key home classifications: Housewares, Tabletop, Floor Covering & Rugs, Furniture, Home Textiles, Lighting, Home Decor, Mattresses & Bedding, Gifts, Major Appliances and Consumer Electronics as well as Business, Finance and Retail.

Videos

Subscribe to
HFN Omnichannel
Receive the news you need to know about the trends in the industry delivered right to your inbox.

Current Issue

  • HFN May digital issue

    HFN's DIGITAL EDITION

    May 2017


    COVER STORY: HFN Turns 90

    We commemorate HFN's 90th anniversary by paying tribute to the iconic retailer and supplier brands--and the people--that have helped the industry flourish, then and now.


    ALSO IN THIS ISSUE:

    • Up & Coming Leaders - The home industry is in capable and visionary hands as this year’s 40 Under 40 list attests. Today’s young leaders span all disciplines and varied levels of operation.
    • Omnichannel Retailing - In the Mobile App World, Time is Money