Oneida Completes Sale Of Sherrill Flatware Factory
March 28, 2005
Oneida Ltd. has completed its sale of certain assets of its main flatware factory in Sherrill, N.Y., to Sherrill Manufacturing Inc. The sale includes the main factory buildings, associated equipment, and certain materials and supplies. The "Oneida" name and all other Oneida product trade names and designs will remain the property of Oneida. The sale does not include the Oneida warehouse in Sherrill, which Oneida will continue to operate for the foreseeable future, or Oneida's knife plant facility in Sherrill, for which the company is presently seeking a buyer. Sherrill Manufacturing Inc. will operate the Sherrill factory as an independent supplier, providing flatware products and various value added services, such as plating and packaging management, to Oneida Ltd. and other non-tableware entities. Sherrill Manufacturing is headed by Mathew Roberts, previously Oneida's vice president of Manufacturing and Engineering, and Gregory Owens, previously general manager of Oneida's Toluca, Mexico, flatware factory.
For more information, call (315) 361-3000. The company's website is located at http://www.oneida.com.