Housewares
Creo Group Inc., a manufacturer of packaging solutions and a portfolio company of Mill Point Capital LLC, has acquired HMS Mfg. Co., a designer and manufacturer of organization products and packaging solutions.
Tervis Tumbler Co, a family-owned drinkware company, has exited Chapter 11 bankruptcy with all litigation dismissed and debt resolved.
Ever Home Plastics LLC, a subsidiary of Vietnam-based Vacane Home Concepts Inc., is opening its first U.S. production facility in North Carolina.
A total of 145 people will lose their jobs, but the company expects to rehire some of those same people when new ownership takes control.
A proposed deal, subject to bankruptcy court approval, will see new ownership for the iconic brand of food containers, and additional closures.
The housewares side of the plastics industry may seem a bit chaotic right now, but perhaps it's better to think of it as simply being in transition.
United Solutions Inc., a 105-year-old housewares company that make Rubbermaid-brand totes, was purchased by Creo Group, a horticultural and nursery supplies molder formed earlier this year.
The publicly traded plastic food container maker indicates "strained resources" is now prohibiting the company from filing second quarter results with the U.S. Securities and Exchange Commission.
The departure of CFO Mariela Matute at the end of July comes at a time when Tupperware has fallen behind in the company's financial reporting requirements.
Layoffs will begin in September and will extend into 2025, impacting almost 150 workers at the site in Hemingway, S.C. Manufacturing will shift to a site in Mexico.
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