2016 Sell-Side Transaction:
Tablewerks Sale to Steelite International
Acquisition of Tablewerks, Inc.
Founded in 1987, Tablewerks is a leading North American developer of proprietary tableware products serving the foodservice market and trading partner to some of the industries largest suppliers of tableware, glassware and flatware products. The company is known for setting the industry standard in middle to high end chinaware to the largest and most prominent hotels, restaurants, and gaming companies domestically.
Steelite International, a portfolio company of PNC Riverarch Capital, is a leading manufacturer and supplier of tabletop products for the international hospitality industry.
Tablewerks engaged HT Capital to review strategic alternatives, prepare the company for sale and negotiate with Steelite to complete the transaction.
Steelite International, with extensive investments and operating experience in the hospitality industry, will expand both overseas sourcing as well as product offerings.