Steelite International acquires Utopia Tableware Ltd to expand product offerings
Jun 27, 2024•over 1 year ago
Acquiring Company
Steelite International
Acquired Company
Utopia Tableware Ltd
Description
Steelite International, a leading provider of tableware and buffet solutions, has announced the acquisition of Utopia Tableware Ltd. This strategic acquisition combines Utopia's innovative product lines, premium brands, and advanced distribution and decoration facilities with Steelite's global presence and extensive product portfolio. The acquisition aims to strengthen Steelite's position in the UK and across Europe, providing an enhanced range of innovative products and excellent service to customers.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed