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Steelite International acquires Utopia Tableware Ltd to expand product offerings

Jun 27, 2024over 1 year ago

Acquiring Company

Steelite International

Acquired Company

Utopia Tableware Ltd

StaffordChesterfieldHospitalityManufacturingHospitalityManufacturing

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.

Company Information

Company

Steelite International

Location

Stafford, Staffordshire, United Kingdom

About

Steelite International is a world leading supplier and manufacturer of award-winning tabletop, buffet, and lighting solutions to the global hospitality industry.

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M&A Insights

Based on deal data
Integration 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