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September 10, 1996
Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madame:
On behalf of Oneida Ltd., I transmit for filing the following Form 8-K.
Please do not hesitate to contact me at (315) 361-3694 if you have any
questions or concerns.
Very truly yours,
/s/ ERIN L. MARKEY
Erin L. Markey
Corporate Attorney
Oneida Ltd.
163-181 Kenwood Avenue
Oneida, New York 13421
315-361-3694
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) August 29, 1996
ONEIDA LTD.
(Exact name of Registrant as specified in its charter)
NEW YORK 1-5452 15-0405700
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
ONEIDA NEW YORK 13421
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (315) 361-3000
Former name or former address, if changed since last report N/A
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ITEM 5 OTHER EVENTS
The information required by this item is incorporated by
reference to a press release dated August 29, 1996, which is attached as an
exhibit to this Form.
EXHIBITS EXHIBIT 99.1
Press Release dated August 29, 1996.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ONEIDA LTD.
By: /s/ Catherine H. Suttmeier
Catherine H. Suttmeier
Vice President, Secretary and
General Counsel
Dated: September 10, 1996
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EXHIBIT 99.1
NEWS RELEASE
For Immediate Release: Contact: David A. Gymburch (315) 361-3271
August 29, 1996 Corporate Public Relations
http://www.prnewswire.com
(Co. News section)
ONEIDA LTD. TO ACQUIRE REGO CHINA FOR FOODSERVICE BUSINESS
Oneida, N.Y. - Oneida Ltd. (NYSE/OCQ) announced today it has signed an
agreement to purchase substantially all the assets and assume certain
liabilities of THC Systems, Inc., which operates as Rego China, for
approximately $45 million in cash. The transaction is expected to be completed
by the end of the year, said Oneida Chairman and Chief Executive Officer
William D. Matthews.
THC, based in Melville, N.Y., is a leading importer and marketer of commercial
vitreous china and porcelain for the foodservice industry in the United States.
THC Chairman and Chief Executive Officer Eugene Goldberg and Co-Chairman Robert
Goldberg said the company's customers include some of the nation's largest
foodservice distributors, restaurant chains and hotel chains. Oneida will
continue Rego China's present lines of business through a separate subsidiary.
Mr. Matthews said the acquisition is an ideal complement to the various china
products marketed by the Oneida Foodservice Division, including dinnerware
manufactured by Oneida's Buffalo China subsidiary. Rego, which has been in
business for over 70 years, markets dinnerware for all segments of the
foodservice industry.
"Having Rego join us is a natural extension of Oneida's commitment to the
foodservice business," Mr. Matthews commented. "This truly rounds out the
selection of foodservice china that we can offer, giving us a great array of
products. We anticipate many benefits from the synergism of two widely
recognized companies with complementary product lines.''
Oneida, incorporated in 1880, is the world's largest manufacturer of stainless
steel and silverplated flatware for both the consumer and foodservice
industries. Oneida also markets a variety of serveware for those two
industries.
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