EveryWare Global, Inc. (NASDAQ:EVRY) Sells UK Business, Retains Rights To Brands


Dallas, Texas 08/22/2014 (FINANCIALSTRENDS) – EveryWare Global, Inc. (NASDAQ:EVRY) in its latest press release announced the sale of its United Kingodm business, HUK 54 Limited via subsidiary Oneida International. However, the highlight of the sale is that EveryWare will continue to hold rights of brands – ONEIDA, Anchor Hocking as well as Sant Andrea.

US-based EveryWare Global, Inc. (NASDAQ:EVRY) is one of the key players in the marketing of table-top as well as food preparation products. These are related to consumer, as well as foodservice besides specialty markets. Current operations of this business provider are in four segments: first consumer services, second in foodservice, and third in specialty, as well as international services.

As CEO of EveryWare Global, Inc. (NASDAQ:EVRY) shared, “This transaction represents another step toward building a profitable future for EveryWare.”

The Chief Executive also added that the company remains optimistic about the opportunities these offer for long-term brand growth besides contributing to the growth of the company. At the current stage of services, the executive commented, the core North American services are under the consolidation phase. Meanwhile, all operations, post the sale are that of the resources being deployed in initiatives which are dedicated for the similar growth.

The products which EveryWare provides are comprehensive and will relate to placing these on the tabletop as well as to food production products and accessories. The line-up of products for which the company now has only the rights include products used for holding beverages, for hollow-ware, cookware, for candle as well as floral glass containers besides a range of kitchen products.

The latest sale will allow the company to report better results in this quarter, predict analysts covering this stock.