Arbor Investments-backed Steelite International completed the acquisition of Utopia Tableware.

Arbor Investments-backed Steelite International, a supplier and manufacturer of award-winning tabletop, buffet, and lighting solutions to the global hospitality industry, completed the acquisition of Utopia Tableware, a supplier of glassware, tableware & foodservice equipment to the hospitality and branded glassware industry. Financial terms were not disclosed. "Mark Rammell and his team created a business with terrific products, people and culture and we strongly believe Utopia is the perfect addition to Steelite. Furthermore, the Utopia acquisition is a testament to our deep commitment and belief in the continued opportunities for the global hospitality industry. This combination will provide our customers and end users with an enhanced array of innovative products and outstanding service that has become synonymous with both companies," John Miles, Steelite International President and CEO.