Central Islip, N.Y.-based Creative Bath Products Inc. and M&M Molding Corp. will be acquired by Delaware-based Creative Products LLC in a deal expected to close in the fourth quarter.
Ninety-three employees of the two companies, which share an address, received layoff notices that go into effect Nov. 22.
However, the buyer plans to rehire some or all of the employees, Bob Weiss, chief operating officer of Creative Bath and M&M Molding, said in an email.
Creative Bath, a bathroom products supplier, has been in business for 47 years. The company website says it operates out of a modern facility that runs around the clock manufacturing stylish and durable U.S.-made products for national retailers, such as Amazon, Bed Bath & Beyond, Costco, J.C. Penney, Kohl's, Macy's, Sears, Target and Walmart.
M&M Molding is a plastic fabrication company, according to a Worker Adjustment and Retraining Notice (WARN) filed Aug. 23 with the New York State Department of Labor.
Thirty-nine layoffs at M&M Molding and 54 at Creative Bath are scheduled to occur on Nov. 22, the two WARN filings say.
Weiss indicated there are chances for employees of the acquired companies to join Creative Products but he did not elaborate. He will remain in the COO position to bring continuity to the new entity, according to a news release about the transaction.
"Despite the COVID-driven challenges of the last year, Creative Bath continued to provide the industry with consistent service levels," Weiss said in the release. "New ownership is well financed and solid, and will permit us to continue our legacy as an invaluable supplier to our customers and innovative product development leaders."
The pending deal brings Creative Products a leading product line in the bath and housewares industry, according to spokesman Richard Richer. He said he expects operations will continue uninterrupted throughout the transaction.
"Creative Products LLC brings significant financial strength to this new chapter in Creative Bath's long and distinguished history of innovation, strategic planning and outstanding customer service," Richer said in the same release. "We are particularly proud that production in the U.S. will continue as a driving force within the operation."