Creo Group Inc. may not be a familiar name to some, but its stable of companies manufacture household items that certainly are well known. Since forming in mid-2024, Creo Group has acquired suppliers to the home gardening and nursery supplies industry and the Rubbermaid brand of totes.
Now it has purchased HMS Mfg. Cos., which makes housewares products including items that carry the Home Logic and Hefty brand names. HMS, based in Troy, Mich., first opened in 1987 and has manufacturing in the U.S. and China. Its products are sold at mainstay retailers including Walmart, Target, Lowes and Home Depot. It opened what it terms a "state-of-the-art" manufacturing plant in Little Rock, Ark., in 2020.
HMS also says its use of recycled plastics cut its use of virgin plastics by more than 1.1 million pounds in 2024 alone.
Private equity company Mill Point Capital LLC created Creo as a platform for consumer products last year.
HMS CEO Janet Sofy said Creo will "enable us to achieve even greater success for our team and valued customers."