Background
Oneida International comprised a number of consumer and catering industry tabletop, bakeware and homeware brands, including Viners, RTA Wine Racks, George Wilkinson and Samuel Groves. The business operated from three factories.
As part of an ongoing restructuring of the wider group, the UK business, which was heavily cash consumptive, was deemed to be non-core to requirements. An accelerated sale process was undertaken, which resulted in Hilco Capital acquiring the business and providing access to additional funding, allowing it to continue to trade. During the sale process, there had been little interest in other parts of the business.