Company to consolidate manufacturing facilities in Bloomington, Minn.

Foldcraft Co., the parent company for the Plymold brand of furniture that is designed and manufactured for a variety of foodservice venues, has signed a letter of intent to acquire Waymar Companies brands. Waymar Companies includes two upscale furniture brands for the foodservice industry: Waymar and JH Carr.

Both Plymold and Waymar have facilities in Minnesota. And, according to a press release announcing the deal, Plymold intends to move its Bloomington offices and manufacturing to Waymar's Burnsville facility once the transaction is complete.

Additional details about the transaction, which has a target close date of October 12, were not available.