What a way to end the year – CMM’s mergers & acquisitions team finished 2021 with a bang, closing a newsworthy transaction involving multiple companies, shareholders, and sales.
Our client, Creative Bath Products Inc., is a Long Island manufacturer whose products are sold through major retailers such as Amazon, Target, Costco, and Walmart. The company has existed for over 40 years and attributes their success to its commitment to designing and manufacturing beautiful functional housewares and products that capture the consumer’s attention and engagement. The company’s manufacturing arm, M & M Molding Corporation, is a plastic fabrication company that shares a location with our client in Central Islip. The business assets of the sister companies were acquired by Delaware-based Creative Products, LLC. The sale of the business assets combined with the sale of the business property resulted in a multimillion-dollar transaction.
With CMM Senior Partner Patrick McCormick having previously represented the company in litigation matters, it was a natural fit for CMM’s corporate team to handle the M&A aspects. Senior Partner and Corporate department chair Christine Malafi led the property and business sale with the help of Paralegal Katharine Campolo. Legal Assistant Cailey McByrne and Senior Associate Vinny Costa also dedicated time and hard work to help close the deal.
2021 has been a busy year for CMM’s M&A team. Having represented sellers in a variety of industries including the arts, aerospace, construction, real estate, and technology, the sale of Creative Bath Products Inc. is another notch in the team’s manufacturing experience belt. Please contact us for your next merger or acquisition.