US tableware manufacturer Libbey recorded the third highest sales in its history earlier this year.
Its quarter two 2014 sales increased 6.5% to $223.5 million compared to the second quarter of 2013 when sales were $209.9 million.
Libbey CEO Stephanie A. Streeter said: “Revenues were particularly strong in the Americas where we achieved 8.9% revenue growth as we were able to defend and grow our market share in a hyper-competitive market.”
Revenue increased in every region except Asia Pacific.
Ms Streeter added: “We continue to make progress in realising the benefits of our North American capacity realignment, but have determined that over the balance of the year we will not be able to recover from the impact of weather, currency and higher input costs that we experienced in the first quarter of 2014.”
Libbey also confirmed its announcement that Libbey will become the exclusive foodservice distributor of Schönwald dinnerware products to the USA and Canada, from January 1, 2015.
Through this exclusive agreement, Libbey will be offering new premium dinnerware choices for US and Canadian foodservice customers.
"Schönwald is one of the world's leading providers of high-end porcelain for foodservice. This agreement directly supports our strategic goal to further grow our business in the foodservice industry," said Streeter.
"These new choices for dinnerware, in combination with our Spiegelau and Nachtmann partnership, dramatically extend our high quality premium offerings. When added to the hundreds of new products we have introduced this year, it provides our foodservice customers with the broadest tabletop choices available in the US and Canada."
