LANCASTER, Ohio, July 10, 2014 (GLOBE NEWSWIRE) -- EveryWare Global, Inc. (Nasdaq:EVRY) ("EveryWare" or the "Company") today provided an update on its Lancaster, Ohio manufacturing plant. On July 8, 2014, there was a minor molten glass leak in the throat of its Tank 1 glass furnace in the Company's Lancaster, Ohio facility. The leak was contained quickly and no injuries were reported. Repairs have been initiated on the damaged tank, and the Company expects Tank 1 to be back up and running in the next week, with minimal related costs.
Additionally, the Company has begun the process of re-starting its Tank 3 furnace, also at its Lancaster, Ohio facility. The Company expects Tank 3 to be up and running within a week.
Separately, the Company's Monaca, Pennsylvania facility, which was partially reopened on June 2, 2014, was temporarily closed for planned maintenance over the July 4th holiday weekend. The Monaca facility has not been reopened following the planned maintenance shut down, and no decision has been made with regard to timing for resuming production.
EveryWare (Nasdaq:EVRY) is a leading global marketer of tabletop and food preparation products for the consumer and foodservice markets, with operations in the United States, Canada, Mexico, Latin America, Europe and Asia. Its global platform allows it to market and distribute internationally its total portfolio of products, including bakeware, beverageware, serveware, storageware, flatware, dinnerware, crystal, buffetware and hollowware; premium spirit bottles; cookware; gadgets; candle and floral glass containers; and other kitchen products, all under a broad collection of widely-recognized brands. Driven by devotion to design, EveryWare is recognized for providing quality tabletop and kitchen solutions through its consumer, foodservice, specialty and international channels. EveryWare was formed through the merger of Anchor Hocking, LLC and Oneida Ltd. in March of 2012. Additional information can be found on EveryWare's Investor Relations Website: http://investors.everywareglobal.com/.
Forward Looking Statements
This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Securities Act of 1933 (the "Securities Act") and the Securities Exchange Act of 1934 (the "Exchange Act"). All statements other than statements of historical facts are statements that could be deemed forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the industries in which we operate and the beliefs and assumptions of our management. These statements include the statements related to the Monomoy proposal and the tentative union agreement. Words such as "tentative", "proposal", "offers", "expects," "anticipates," "targets," "goals," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "may," variations of such words, and similar expressions are intended to identify such forward-looking statements. In addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, covenant compliance, liquidity and other characterizations of future events or circumstances are forward-looking statements.
Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. We undertake no obligation to revise or update any forward-looking statements for any reason. For a description of the risks, uncertainties, and assumptions that may impact our actual results or performance, see the Company's Annual Report on Form 10-K for 2013, filed with the Securities and Exchange Commission, as it may be updated in subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with or furnished to the Securities and Exchange Commission.
CONTACT: Erica BartschSloane & Companyebartsch@sloanepr.com
Source: EveryWare Global Inc.