Libbey Inc. Expands Premium Offerings For U.S. Foodservice Through Agreement With Spiegelau and Nachtmann
-- Libbey to be exclusive distributor of premium glassware and serveware brands --
TOLEDO, Ohio, Dec. 6, 2012 /PRNewswire/ -- Libbey Inc. (NYSE MKT: LBY) and the European-based companies Spiegelau and Nachtmann have announced today an agreement in which Libbey will become the exclusive distributor of Spiegelau and Nachtmann glassware and serveware products to the U.S. foodservice industry, effective February 1, 2013.
Through this exclusive agreement, Libbey Inc. - the leading supplier of tableware to the U.S. foodservice industry, including glassware dinnerware and flatware products - will be offering new premium brand glassware choices for U.S. foodservice customers. Considered the "The Class of Glass," Spiegelau is known for its fine stemware and other premium drinkware assortments. Nachtmann offers a variety of upscale serveware, decorative products, stemware and drinkware for finer dining establishments.
"We are so pleased that Spiegelau and Nachtmann will be joining the Libbey family. This agreement directly supports our strategic goal to further grow our business in the foodservice industry," said Stephanie Streeter, chief executive officer, Libbey Inc. "These new choices for stemware and serveware certainly extend our high quality premium offerings. We can now provide our foodservice customers with the broadest tabletop choices available in the U.S."
"Three great brands are joining together to fully serve the U.S. foodservice industry," said Richard Voit, managing director, Spiegelau and Nachtmann. "We were attracted to Libbey because they possess many of the same attributes as Spiegelau and Nachtmann including a strong heritage and a reputation for high quality products. That, combined with a high performing sales team and effective distribution network, makes this agreement a mutually beneficial arrangement."
About Libbey Inc.
Based in Toledo, Ohio, since 1888, Libbey Inc. is the largest manufacturer of glass tableware in the western hemisphere and one of the largest glass tableware manufacturers in the world. It supplies glassware, tableware, flatware and serveware products to foodservice, retail, industrial and business-to-business customers in over 100 countries, and is the leading manufacturer of tabletop products for the U.S. foodservice industry.
Libbey operates manufacturing plants in the United States in Louisiana and Ohio, as well as in Mexico, China, Portugal and the Netherlands. Libbey brands include Libbey glassware, Syracuse China and World Tableware.
Acquired by Riedel Glassworks in 2004, Spiegelau and Nachtmann offer premium brand stemware, drinkware and serveware. Founded in Germany in 1521, Spiegelau is known for affordable, on-premise products as well as fine stemware and premium drinkware. Spiegelau's Platinum Glass is chip resistant and is especially suitable for commercial dishwashers. Nachtmann has been manufacturing upscale crystal serveware, decorative products, stemware and drinkware for finer dining establishments since 1843.
For more information, please visit the Libbey newsroom.
SOURCE Libbey Inc.
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