Private Equity Firm to Buy Oneida
November 10, 2011,
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."
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."
Other Articles By Author
HFN Launches Interactive Idea Book
HFN's DIGITAL EDITION
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