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EveryWare Global, Inc. - parent of hospitality tabletop leader Oneida Foodservice - announced that its board of directors has appointed Sam Solomon to serve as interim CEO, effective immediately. Solomon is succeeding John Sheppard, who left the company effective February 24, 2014. Sam Solomon joins EveryWare with more than 20 years of leadership experience in branded consumer, multi-channel businesses including Sears, The Coleman Company and Procter and Gamble. Most recently, he served as president of the Sears/Kmart tools, hardware and paint business where he was responsible for the Craftsman brand. Prior to Sears, Solomon served as president and CEO of The Coleman Company, a division of Jarden Corp., the global consumer products company, for seven years. At Coleman, Solomon led the company to double-digit sales and profit growth through innovative marketing, effective sales strategies, operational excellence and aggressive international Daniel Collin, chairman of the board of directors at EveryWare, said, "Sam is an accomplished executive with a clear understanding of strategy, finance and operations in the branded consumer product industry. We are confident that he brings the right management skills and leadership to ensure the company continues to execute its business strategy, including securing new customer wins in underserved channels, expanding the international and specialty segments, and identifying cross-selling opportunities in the foodservice segment." Collin added: “We look forward to working with Sam as EveryWare continues to grow and innovate. In addition, on behalf of the board, I would like to thank John for his contributions and wish him the best in his future endeavors." The board of directors has formed a search committee to evaluate candidates to serve as the company's permanent CEO and has engaged executive search firm Korn Ferry to assist in the process. Solomon is a candidate in the search for a permanent EveryWare CEO. Solomon said, "I am excited about EveryWare's opportunity to build on its established and compelling business model. The company has extensive avenues for growth that can be achieved by leveraging two of the most recognized brands in the tabletop industry, strong customer relationships and continued product innovation. I look forward to working with EveryWare's customers, suppliers and team members." TabletopJournal has comfirmed that Jacqui Gagnon-Volles, Chief Marketing Officer, for Everyware has also departed the company this week, as well. EveryWare Global, Inc., - parent to hospitality tabletop brands Oneida and Anchor Hocking - and a global leader in the consumer tabletop and foodservice markets, announced today that it plans to close its regional office in Oneida, N.Y., as part of its ongoing integration of the Oneida business. A smaller satellite office in Melville, New York, also will be closed.
Certain functional and administrative roles now based at the Oneida regional office will gradually be relocated to the company's headquarters in central Ohio, as will certain roles based in Melville. The changes will take place in several phases beginning in April with full completion scheduled in 2015. "This is a difficult but necessary decision as we work to complete the full integration of the Oneida business into EveryWare," said John Sheppard, EveryWare Chief Executive Officer. "This move will enable us to achieve the greater efficiencies and synergy of having all of our key business, functional and administrative positions in a single North American location." EveryWare is providing affected associates with severance and other support. The Company intends to divest the Oneida office building, located at 163 Kenwood Ave. Mr. Sheppard continued, "We are extremely proud of the rich history we have built with the town of Oneida and we want to thank the local community and all of our employees for their time and dedication in helping make Oneida into the iconic brand name that it is today. We remain dedicated to continuing the brand's legacy and are excited for the opportunities ahead." Monomoy Capital Partners acquired Oneida in 2011 and combined it and Anchor Hocking under the EveryWare name in March 2012. The company became publicly traded in May 2013. Oneida Ltd. Has just released their newly renovated foodservice website. The site features a new design, many new functionalities and pages of fresh, robust content. "There is an entirely new look and feel to all the sections of the site. We are thrilled with how the new design came together and are excited to share it with our customers and industry partners. We will continue our efforts to fuel connections, growth and knowledge sharing through this fantastic tool," commented Amy Gebhardt, EveryWare’s Director of Public Relations. The new site design features many enhancements that create a better user experience. It is now mobile friendly with a new responsive design, allowing it to better represent the site in a smaller format. Easier to read and navigate, mobile device users will have a much better experience. The new site also features enhanced search capabilities and refinement options to ease the user’s efforts to find what they are searching for. To check out Oneida Foodservice's new, revamped site, go here: http://foodservice.oneida.com/ Trade publication HomeworldBusiness.com reported today that EveryWare Global, Inc., parent company of the Oneida and Anchor Hocking brands, today announced its financial results for the three and six months ended June 30, 2013. Total revenue for the second quarter of 2013 increased $2.5 million, or 2.5%, from $98.4 million in the second quarter of 2012 to $100.8 million in the second quarter of 2013 (excluding currency fluctuation, the revenue increase is 2.7%). The increase in second quarter revenue is primarily attributable to strong growth in the international and specialty segments, the company noted. Total revenue for the six months ended June 30, 2013 increased $5.4 million, or 2.8%, from $194.8 million for the six months ended June 30, 2012 to $200.2 million for the six months ended June 30, 2013 (excluding currency fluctuation, the revenue increase is 3%). John Sheppard, EveryWare’s CEO, stated: “I am extremely pleased that our growth continued in the second quarter and first half of the year and that our results were in line with our internal expectations. The fundamentals and outlook for our business and industry remain strong. Given our continued focus on innovation, as well as our world class brands and customer service, we believe that we are well positioned for a strong second half of the year. During the second quarter, we continued to realize the benefit of the Oneida and Anchor Hocking combination, and are encouraged by the accelerating growth in our international segment. The acquisition of the Samuel Groves and George Wilkinson businesses in the U.K. and our Brazilian licensing agreement strengthen our international presence and underscore our commitment to building our global platform. Looking ahead, we remain committed to achieving our financial targets for the year.” To read the entire article, go here: http://homeworldbusiness.com/links/news/news.php?ID=22461 To learn more about the entire line of foodservice tabletop products offered by Oneida Foodservice, go here: http://foodservice.oneida.com/
And, for those attending the NRA Show at McCormick Convention Center, this would also be a great time to check out the great beer glass selections from people like Libbey, Cardinal Glass, Oneida/Anchor Hocking, Steelite, Luigi Bormioli from Bauscher USA, and Duralex. We know you realize the importance of having the right glass to give your guests the best beer experience possible. But, in case you need a little refresher course, here's a great - and short - video from CraftBeer.com
A week that lasts eleven days! Love it! Cheers. Oneida, global leader in designing the dining experience, will showcase a new and extensive collection of banquetware pieces at the 2013 National Restaurant Show. “Our Oneida Banquetware collection is designed to enhance creative culinary presentations. This innovative new collection allows food and beverage teams more freedom to stage innovative events that include food storage, beverage dispensers, serving platforms, risers, pillars and bamboo accessories. Inspired by compelling design styles including a less-is-more Bauhaus positioning, and innovative geometric Art Deco shapes, the Oneida Buffet Collection is a compelling compliment to our tabletop portfolio”, stated Umberto Filice, Senior Vice President of North American Sales. New product introductions will also be featured in Drinkware, Dinnerware, and Flatware positioned effectively within the prevailing design, food and lifestyle trends in the market. DRINKWARE FLAME™, new from Stölzle, features the fluid graceful profiles of fire. Emotional and organic, this lux shape delivers visual excitement. The pure tactile satisfaction of these dramatic tapers, with shear rims, maximizes the fine dining experience. CELEBRATION™, new from Stölzle, is both sophisticated and mainstream. This elegant shape features a drawn stem, and sheer fire polished rim. Exceptional brilliance that is enhanced by seamless stems clearly distinguishes this classic.
FLATWARE VERGE™ creates an aesthetic that draws from the folded surfaces of origami. Each gleamingly polished surface suggests jeweled facets of reflective energy. Unique and textural sculpture in 18/10, define creativity on the tabletop. PERPETUA™ is clean and sleek, modern and understated. High-lux mirror polishing reminds us that flatware is jewelry for the table. Formed from solid 18/10 stainless steel of the highest quality, PERPETUA’s form follows its function. To view the entire collection of hospitality tabletop and banquetware products from Oneida, go here:http://foodservice.oneida.com/
Oneida Ltd and Anchor Hocking Foodservice parent EveryWare Global’s financial results improved in its first quarter, which ended on March 31.
According to a preliminary report on the quarter, EveryWare posted net income of $197,000, compared to a net loss of $6.3 million in the first quarter of last year. Total revenue increased 3.1 percent to $99.3 million. The company also reported a 58.1 percent gain in operating income (earnings before interest, taxes, depreciation and amortization) to $9.1 million. John Sheppard, EveryWare’s CEO, said the combination of the Anchor Hocking and Oneida brands under its corporate umbrella helped elevate EveryWare to results that were ahead of its budget for the quarter. “We delivered meaningful growth in our core North American markets,” Sheppard said, “and we expect to see growth accelerate in our international segment in the coming quarters, as we leverage our iconic brands, diversified product portfolio and distribution infrastructure.” EveryWare was formed by the merger of Anchor Hocking and Oneida in March 2012. In January of this year, the company announced its plans to merge with ROI Acquisition Corp., a special-purpose acquisition company sponsored by affiliates of Clinton Group. To learn more about the wide range of hospitality industry products available from Everyware, go here: http://foodservice.oneida.com/
In his own words, Jay Allie explains: Lead Free Crystal Glass. Traditional styling. Melted stem technology. Sheer fire polished rims. Having all these attributes makes Stolzle's CELEBRATION another great option when it comes to elevating the wine experience for the hospitality guest. For more information on Stozle's new CELEBRATION contact Jay Allie directly or for more information on the entire lineup of hospitality products from Everyware Global, go here:
http://www.foodservice.oneida.com/
"International expansion is an important part of our strategic growth plan, and the more than $1.3 billion Korean market represents a significant opportunity to extend the reach of our market leading products," said John Sheppard, CEO of EveryWare. "Doh Kwang Trading is a highly-respected company in Korea with strong relationships and a long track-record of success in working with consumer brands to introduce them to retail and business-to-business customers. We are pleased to be partnering with Doh Kwang Trading and are confident in its ability to establish and grow our presence in the Korean market." To read the entire article in Marketwatch.com go here: http://www.marketwatch.com/story/everyware-global-inc-expands-its-global-reach-in-korea-2013-02-28 To learn more about the Oneida and Anchor Hocking hospitality tabletop items, go here:http://www.foodservice.oneida.com/
EveryWare Global, the tabletop company formed last year with the merger of Anchor Hocking and Oneida, has reached an agreement to merge with ROI Acquisition Corp. in a deal that would take the company public. Currently, EveryWare is owned primarily by funds managed by Monomoy Capital Management. Once the new merger is finalized, the combined companies will keep the EveryWare Global name, and the stock will be traded on the Nasdaq market under the ticker symbol EVRY. A joint statement from EveryWare and ROI said the combined value of the business will be about $420 million after the transaction is closed. Terms were not disclosed, nor was a date for the closing of the transaction. The joint statement described ROI as “special-purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination involving ROI Acquisition Corp. and one or more businesses.” The EveryWare management team is expected to remain in place post-merger, led by President and CEO John Sheppard. Daniel Collin, current EveryWare chairman and partner in Monomoy, will remain as chairman. Thomas J. Baldwin, chairman and CEO of ROI, will become the merged company’s vice chairman. EveryWare, owned primarily by funds managed by Monomoy Capital Management, LLC ("Monomoy"), is one of the world's largest designers, manufacturers and marketers of tabletop and food preparation products for the consumer and foodservice markets. ROI, a special purpose acquisition company sponsored by affiliates of Clinton Group, Inc., holds approximately $75 million of cash in its trust account. The statement added that EveryWare posted adjusted EBITDA of $54.9 million for the year ended Dec. 31, up 53 percent from the year ending Dec. 31, 2011. For this year, the company projects adjusted EBITDA of $61.1 million. |
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