Lenox acquires Oneida | House Accents Immediately

BRISTOL, Penn.— Lenox Company has acquired Oneida Client LLC, together with all present Oneida-branded flatware, dinnerware and cutlery, for an undisclosed sum, Lenox introduced this morning.

The 2 firms, that are each owned by the non-public fairness agency Centre Lane Companions however have been separate and impartial of one another, will now function complementary manufacturers within the Lenox Corp. portfolio, Lenox CEO Bob Burbank informed sister publication HFN.

Noting Oneida’s energy within the mid-tier specialty channel and within the hospitality enterprise, Burbank stated the acquisition provides every model the chance to cross distribution channels the place every is a frontrunner and strengthens the corporate’s good/higher/greatest assortment.

Lenox acquired Hampton Forge, whose flatware enterprise is robust within the warehouse and mass service provider channels, in January.

In an announcement concerning the Oneida acquisition, Burbank stated, “All of those nice manufacturers have served as trade leaders of their respective classes, reaching a broad shopper base. As one household, our merchandise are offered to 1000’s of outlets together with specialty and shops, mass retailers, warehouse golf equipment and grocery shops throughout the U.S., Canada and worldwide markets worldwide. This new mixture of manufacturers and array of merchandise will create unprecedented development alternatives inside