The Oneida Group has sold the majority of its food service business, which markets flatware, dinnerware and barware, to Crown Brands, a distributor of commercial grade smallware, bakeware, cookware, beverageware, and other products to the food service industry.
The Oneida Group
The Oneida Group has added to its leadership team with the appointment of three new executives, all of whom have extensive prior experience with the company. Bert Filice has been named president and chief sales officer. Mike Hanson and Mark Cymanski have been appointed svp/supply chain and vp/procurement, respectively.
The Oneida Group has entered into an equity commitment agreement with its largest stockholder, Centre Lane Partners, providing for a $50 million equity capital infusion by way of a rights offering to existing stockholders. Oneida’s CEO has also resigned to pursue another opportunity.