EXHIBIT 99.1


                                [LOGO OF ONEIDA]


FOR IMMEDIATE RELEASE
- ---------------------

CONTACTS:
Richard Mahony
Gavin Anderson & Company (212) 515-1960


- -------------------------------------------------------------------------------


                      ONEIDA TO REVIEW ACQUISITION PROPOSAL

ONEIDA, NY - July 13, 2006 - Oneida Ltd. (OTCBB: ONEI) today announced that it
has received an unsolicited proposal from DE Shaw Laminar Portfolios, L.L.C. and
Xerion Capital Partners, both current Oneida shareholders, to acquire the
company. Oneida's Board of Directors will consult with its legal and financial
advisors and carefully review the proposal; however, a definitive agreement has
not been reached at this time and no assurance can be given that such an
agreement will take place.

"It is gratifying to see that Oneida's business plan has drawn interest from two
substantial current shareholders," said Oneida Chairman Christopher H. Smith.
"The Board noted that the proposal expressed support for Oneida's plan of
reorganization and its current management team. We will give the proposal
thorough and fair consideration."

Oneida expects to continue its confirmation hearing in U.S. Bankruptcy Court for
the Southern District of New York as planned. The company remains on track to
complete its confirmation hearing process shortly and, depending on the outcome
of its review of the acquisition proposal, hopes to be in a position to emerge
from bankruptcy in the near future.








About Oneida

Incorporated in 1880, Oneida Ltd. is one of the world's largest design, sourcing
and distribution companies for stainless steel and silverplated flatware for
both the consumer and foodservice industries. It is also the largest supplier of
dinnerware to the foodservice industry in North America. Additional information
about Oneida can be found at www.oneida.com.
                             --------------

Note on Forward-Looking Statements

This press release includes forward-looking information and statements. These
statements are based on current expectations, estimates and projections. These
expectations, estimates and projections are generally identifiable by statements
containing words such as "expects," "believes," "estimates," "targets," "plans"
or similar expressions. However, there are many risks and uncertainties, many of
which are beyond our control, that could cause our actual results to differ
materially from the forward-looking information and statements made in this
press release. For further information regarding risks and uncertainties
associated with Oneida's business, please refer to the "Management's Discussion
and Analysis of Financial Condition and Results of Operations" and "Risk
Factors" sections of Oneida's SEC filings, including, but not limited to, its
annual report on Form 10-K and quarterly reports on Form 10-Q.


                                      # # #

Contact:
Richard Mahony
Gavin Anderson & Company
Tel: 212-515-1960