Josh Benn
Head of Americas M&A Advisory and Global Head of Consumer Corporate Finance
New York
Financial Advisor
Duff & Phelps Advised the Oneida Group on the Sale of Its Commercial Foodservice Division to Crown Brands
On January 28, 2019, The Oneida Group Inc. (“Oneida”), a global leader in tabletop and kitchen solutions, sold the majority of its commercial foodservice division, which markets flatware, dinnerware and barware, to Crown Brands, LLC ("Crown Brands"), a leading distributor of commercial grade smallware, bakeware, cookware, beverageware and other products to the foodservice industry.
Duff & Phelps served as the exclusive financial advisor to Oneida in connection with the transaction.
About The Oneida Group
Driven by devotion to design, The Oneida Group is recognized for providing quality tabletop and kitchen solutions through its consumer, foodservice and specialty channels. The company’s global platform allows it to market and distribute internationally its total portfolio of products including glass bakeware, beverageware, serveware, storageware, flatware, dinnerware, premium spirit bottles, candle and floral glass containers and other kitchen products, all under a broad collection of widely-recognized brands, including Oneida, Anchor Hocking and Fire-King. Anchor Hocking, LLC is a subsidiary of The Oneida Group.
About Crown Brands, LLC
A leading provider of best-in-class products and service to the foodservice marketplace, Crown Brands LLC was founded in 2014 and has expanded through the acquisition and alignment of several highly regarded manufacturers in the commercial food service industry: Focus Foodservice, Update International, Johnson-Rose (US / Canada) and Co-Rect Products. In October of 2018, the company further grew with the acquisition of Tomlinson Industries, a manufacturer of faucets and fittings for beverage and liquid dispensing.
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