Steelite International, a leading supplier and manufacturer of tabletop, buffet, and lighting solutions, announced the acquisition of Utopia Tableware Ltd. The acquisition, which includes Utopia’s product lines, brands, distribution center, and decorating facility, aims to strengthen Steelite’s global presence, particularly in the UK and Europe. Founded in 2000, Utopia, based in Chesterfield, UK, offers a wide range of tableware and accessories. Steelite, under the majority ownership of Arbor Investments, has been heavily investing in its growth, and this marks their seventh acquisition since 2019. The leadership teams from both companies expressed their optimism about the synergies and growth opportunities following the acquisition. Although the financial terms of the deal were not disclosed, the move is seen as a strategic fit that aligns with Steelite’s international growth plans.

Tableware and Kitchenware, Hospitality, Private Equity,United States, United Kingdom, Europe

https://contentapi.cision.com/api/v1.0/releases/20240627EN47802