Reiss Manufacturing Inc. plans to sell its Englishtown, N.J., facility and consolidate operations in its Blackstone, Va., plant where it has been operating for 25 years.
The company said in a news release that it was under contract to sell the Englishtown plant and most of its plastic molding operations to S&A Molders.
Reiss was founded by J.L. Reiss in 1896 and originally made men's suits. The company got into structural foam molding in the 1970s and grew with the computer industry. It has been in Englishtown since 1970.
Reiss Manufacturing said that “the consolidation and related investment will position Reiss to better serve its customers and grow within both the silicone and plastics industries.”
The company expects to consolidate operations in Blackstone by June. Reiss had informed the New Jersey Department of Labor and Workforce Development that it plans to lay off 125 workers effective March 21.
Reiss said S&A Molders is owned by a leading plastic compounder in New Jersey and plans to invest and expand the Englishtown molding and finishing business. Further information about S&A was not available.
Reiss ranked 95th in Plastics News' most recent ranking of North American injection molders, with sales over $66 million and more than 500 employees.