Monomoy, Owner of Anchor Hocking, Acquires Oneida Ltd.

In what is likely to be a great marriage for both companies, Monomoy Capital Partners, the owner of Anchor Hocking, has acquried Oneida Ltd.  While it will take a while for the dust to settle and certainly the two companies will continue as they have been for a period of time, inevitably there will be gains for both sides. We’ve said for a while that the foodservice business, particularly foodservice tabletop, has too many sources of supply so we feel that some consolidation is bound to happen. This is a trend that will continue on both equipment and supplies side and the food side of the foodservice industry.

Here’s a more complete version of the announcement made earlier today:
http://www.pehub.com/124578/monomoy-capital-partners-buys-oneida/