M&A Deal Summary

Steelite Acquires Walco Stainless

On October 3, 2022, Steelite acquired consumer products company Walco Stainless from Utica

Acquisition Highlights
  • This is Steelite’s 4th transaction in the Consumer Products sector.
  • This is Steelite’s 3rd transaction in the United States.
  • This is Steelite’s 2nd transaction in New York.

M&A Deal Summary
Date 2022-10-03
Target Walco Stainless
Sector Consumer Products
Buyer(s) Steelite
Sellers(s) Utica
Deal Type Divestiture

Target

Walco Stainless

Utica, New York, United States
Walco Stainless is a provider of high-end flatware, steak knives, holloware, and buffet products to the U.S. hospitality market. Walco Stainless was founded in 1910 and is based in Utica, New York.

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Buyer(S) 1

Buyer

Steelite

Staffordshire, United Kingdom
Category Company
Founded 1983
Sector Consumer Products
DESCRIPTION

Steelite is a manufacturer, designer, distributor, and supplier of award-winning tabletop and buffet products for the hospitality and foodservice industries. Steelite was founded in 1983 and is based in Staffordshire, United Kingdom.

DEAL STATS #
Overall 4 of 7
Sector (Consumer Products) 4 of 7
Type (Divestiture) 1 of 1
State (New York) 2 of 2
Country (United States) 3 of 5
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Hollowick

Manlius, New York, United States

Hollowick provides tabletop lighting and food warming solutions. Hollowick high-performance lighting and heating products are designed specifically for demanding foodservice use. Hollowick was founded in 1971 and is based in Manlius, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-11 Delfin

Huntington Beach, California, United States

Delfin is a provider of high-quality retail and foodservice display and tabletop solutions. Delfin was founded in 1991 and is based in Huntington Beach, California.

Buy -

Seller(S) 1

SELLER

Utica

Utica, New York, United States
Category Company
Founded 1910
Sector Consumer Products
DESCRIPTION

Utica manufactures and imports a wide range of pocket, lockback, fixed blade, and liner lock knives. Utica was founded in 1910 and is based in Utica, New York.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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