Monomoy Capital Partners, a private equity fund based in New York, bought out the current owners, Quadrangle Group, J.P. Morgan Chase & Co., Litespeed Partners and D. E. Shaw.
“It’s nothing but positive,” Oneida President and CEO Jim Joseph said to the Oneida Dispatch.
Monomoy partner Dan Collin said he plans to take advantage of Oneida’s multiple avenues for growth and expansion both in North America and abroad. Monomoy also owns Anchor Hocking, a North American glassware company which he believes will "complete the tabletop" in the global food service business. Anchor Hocking designs and manufactures glass beverageware, bakeware, storage containers, barware, candle holders, high-end spirit bottles and specialty items.
Currently, 150 people work at Oneida’s headquarters in Oneida, New York. Worldwide, the company employs 500 people, with production in North and South America, Asia and Europe, and 50 manufacturing contracts.
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