At the end of the 1990s, the company encountered tough economic times, however it still tried to hold on to its mantle as the last remaining US-based manufacturer of flatware, knives, forks, and spoons. The events surrounding 9/11 negatively affected the hospitality and consumer tableware markets, and in November 2003, Oneida sold its 100-year-old Buffalo China plant and four overseas factories in Mexico, China, and Italy. In February 2004, it sold off more assets to BC Acquisition Co. LLC for $5.5 million. Eventually, the manufacturing facilities in Sherrill, New York were sold to Sherrill Manufacturing on March 22, 2005.