Oneida Ltd and Anchor Hocking Foodservice parent EveryWare Global’
s financial results improved in its first quarter, which ended on March 31.
According to a preliminary report on the quarter, EveryWare
posted net income of $197,000, compared to a net loss of $6.3 million in the first quarter of last year. Total revenue increased 3.1 percent to $99.3 million. The company also reported a 58.1 percent gain in operating income (earnings before interest, taxes, depreciation and amortization) to $9.1 million.John Sheppard, EveryWare’s CEO
, said the combination of the Anchor Hocking
brands under its corporate umbrella helped elevate EveryWare
to results that were ahead of its budget for the quarter. “We delivered meaningful growth in our core North American markets,” Sheppard
said, “and we expect to see growth accelerate in our international segment in the coming quarters, as we leverage our iconic brands, diversified product portfolio and distribution infrastructure.”EveryWare
was formed by the merger of Anchor Hocking
in March 2012. In January of this year, the company announced its plans to merge with ROI Acquisition Corp
., a special-purpose acquisition company sponsored by affiliates of Clinton Group
To learn more about the wide range of hospitality industry products available from Everyware
, go here:http://foodservice.oneida.com/
For operators interested in upgrading their wine service it's a great time to consider upgrading their glassware. There's lots of great options available and now, there's another
great wineglass option. Everyware Global
the parent company of Oneida
& Anchor Hocking
is pleased to announce the addition of the new Stolzle “Celebration Collection of High Performance Crystal Stemware. ”
The stemware in this line features high performance shapes, sheer rims, drawn stems, exceptional clarity and brilliance. Celebration was also designed with extra durability being a key focus in the development of the product. Stolzle's
CELEBRATION also offers a great price/value option to hospitality operators who want to elevate the wine experience for their guests.
According to Jay Allie, Everyware Global's National Sales Manager
for the Stolzle
brand, "To be considered a high performance wine glass collection, the range needs to have great bowl shapes that are varietal specific, ideally. It also needs to have a sheer rim and brilliantly clear crystal to add to the overall wine drinking experience. And, finally, for the hospitality industry it must be durable. Our new CELEBRATION collection has it all."
In his own words, Jay Allie explains:
Lead Free Crystal Glass. Traditional styling. Melted stem technology. Sheer fire polished rims. Having all these attributes makes Stolzle's CELEBRATION another great option when it comes to elevating the wine experience for the hospitality guest.
The just completed International Restaurant & Foodservice Show of New York
showcased a number of terrific tabletop companies and products. overall show traffic was brisk and heavy, with the aisles filled with regional hospitality professionals.
One of the most interesting and best merchandised tabletop displays of the show was the booth by well known New York dealer Sam Tell Companies.
Filled with great displays of top tabletop brands such as Oneida
, Arc/Cardinal, Homer Laughlin, Libbey
and more. Dealer booths are soemtimes difficult to merchandise because of the wide variety of products carried by most dealers, but the Sam Tell
display was a great example of a well-thought out plan with a great tabletop focus. Well done.
New York-based importer Europeaus
had their usual strong display of serving platters, but included this time was a much larger selection of their Italian terra cotta line Piral
. Red clay terra cotta, mankind's oldest cooking material, is available in many sizes and shapes from Europeaus
for use on the open flame, on gas and electric stovetops, in the oven and microwave. The terra cotta material also reduces cooking time by conducting heat more evenly and efficiently.
The Antica finish of Europeaus'
terra cotta line blends with many menus and decors from Tuscan country to Ethiopian cusine to a Mexican hacienda.
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Tabletop leader Fortessa Tableware Solutions
had their usual strong display with the new SPICE collection front and center with several new items added. Fortessa
also showcased their new BASICS line of small serving pieces and their bamboo underliners for their Cassolette line of cast aluminum FORTALITE cookware.
Fortessa's Fortalite Cassolettes now have bamboo underliners available.
French tabletop icon Deshouliers/Apilco
had a great display of some of their upscale designs such as SEYCHELLES (left) which work well for those chefs who are reaching for their next Michelin star. Founded in 1826, the Deshoulières Group is today the leading French porcelain producer, a specialist in tableware products.The product collection is distributed under two major brands, Deshoulieres and Apilco, to satisfy the large number of consumers and fine chefs.
Deshouliers Group's SEYCHELLES is available in Taupe (shown), Noir, Blanc, and Blanc Platine.
And, of course, one of the hits of the show was Steelite's new CRAFT gray....shown here mixed in with several of the other colors...Blue, Green, Brown, and Terra Cotta.
According to Marketwatch.com
, EveryWare Global, Inc.,
parent company to the Oneida
Hocking brands, announced today that it has reached an agreement with Doh Kwang Trading Co., Ltd.
("DK") to make DK the distributor of EveryWare's Oneida
and Anchor Hocking
products in the Republic of Korea for both the consumer and the foodservice market there.
"International expansion is an important part of our strategic growth plan, and the more than $1.3 billion Korean market represents a significant opportunity to extend the reach of our market leading products," said John Sheppard, CEO of EveryWare. "Doh Kwang Trading is a highly-respected company in Korea with strong relationships and a long track-record of success in working with consumer brands to introduce them to retail and business-to-business customers. We are pleased to be partnering with Doh Kwang Trading and are confident in its ability to establish and grow our presence in the Korean market."
EveryWare Global, the tabletop company formed last year with the merger of Anchor Hocking and Oneida, has reached an agreement to merge with ROI Acquisition Corp. in a deal that would take the company public.
Currently, EveryWare is owned primarily by funds managed by Monomoy Capital Management. Once the new merger is finalized, the combined companies will keep the EveryWare Global name, and the stock will be traded on the Nasdaq market under the ticker symbol EVRY. A joint statement from EveryWare and ROI said the combined value of the business will be about $420 million after the transaction is closed.
Terms were not disclosed, nor was a date for the closing of the transaction. The joint statement described ROI as “special-purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ROI Acquisition Corp. and one or more businesses.”
The EveryWare management team is expected to remain in place post-merger, led by President and CEO John Sheppard. Daniel Collin, current EveryWare chairman and partner in Monomoy, will remain as chairman. Thomas J. Baldwin, chairman and CEO of ROI, will become the merged company’s vice chairman.
EveryWare, owned primarily by funds managed by Monomoy Capital Management, LLC ("Monomoy"), is one of the world's largest designers, manufacturers and marketers of tabletop and food preparation products for the consumer and foodservice markets. ROI, a special purpose acquisition company sponsored by affiliates of Clinton Group, Inc., holds approximately $75 million of cash in its trust account.
The statement added that EveryWare posted adjusted EBITDA of $54.9 million for the year ended Dec. 31, up 53 percent from the year ending Dec. 31, 2011. For this year, the company projects adjusted EBITDA of $61.1 million.
EveryWare Global, Inc
. announced today the formation of a global company featuring a portfolio of leading brands focused on the foodservice supply and consumer tabletop industries. With Anchor Hocking
as cornerstones of its offering, EveryWare’s
foundation will leverage the strengths of two iconic and trusted brands to serve both the domestic and growing international markets. This newly unified company will also leverage its combined and extensive new product development expertise. "Our product designs will focus on innovative consumer and foodservice solutions following a ‘good, better, best’ strategy, enabling our complete portfolio of multi-tiered brands to differentiate by channel and product placement. We believe we have attractive growth opportunities in nearly all areas of our business and are actively pursuing both geographic and product line expansion,”
said John Sheppard, EveryWare’s CEO
The Company’s multi-pronged international go-to-market strategy includes a combination of Company-owned and managed operations in North America, Latin America, Europe and Asia, augmented by joint venture partners, brand license partners, and exclusive distribution arrangements located throughout the world.
The integration of the separate companies’ North American operations is nearly complete, with unified sales forces, customer service, supply chain, product marketing, distribution and back office operations. “Our objective in combining the Anchor and Oneida operations was to create the most nimble and customer responsive company in the industry. Our continuous improvement initiatives strive to streamline and simplify the customer experience in order to realize our goal of becoming the easiest supplier to do business with”,
The new company will continue to build on the high quality product ranges offered by both Anchor Hocking and Oneida. Innovative design and an enhanced product development team will fuel growth plans. “Our focus will be on enhancing the dining and food preparation experience. By combining forces, we better understand our customers’ tabletop needs, offering products for customers of all budgets,”
said Jaci Volles, EveryWare’s Chief Marketing Officer
Brand Identity for Anchor Hocking
will remain distinct and be part of a larger hierarchical brand vision that will define EveryWare
as a global market leader.