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"We are extremely pleased that the court has approved our recapitalization," said James E. Joseph, president of Oneida. "We are grateful to our customers, suppliers, partners and employees for their commitment during this process. The successful recapitalization is the culmination of a revitalization process we began more than 18 months ago, and marks a new beginning for Oneida. We are looking forward to building on our strong brand and outstanding customer relationships to continue Oneida's growth into its second century."
Visit www.oneida.com for additional information.