From Business News New Jersey 06151998

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Date: June 15, 1998

Section: For The Record

WHO”S NEWS

Law

Harvey C. Kaish has been named a partner at McCarter & English in Newark. Previously, he was an associate. Kaish received a law degree from Harvard Law School.

Mary W. Barrett has joined Stark & Stark in Princeton as an associate. Prior to this, Barrett was an associate at

McKay, Byrne & Grahm in Los Angeles. She received a JD from Southwestern University School of Law. In addition, Christopher J. Preate has joined as an associate. Previously, he was an associate with Levy & Preate in Scranton. Preate received a JD from the Widener School of Law in Harrisburg.

Health Care

Carlo Medici has been appointed corporate vice president and general manager for clinical services, North America, for Covance in Princeton. Previously, Medici was president of Roche Diagnostic Systems, a division of Hoffman-La Roche. He graduated from The Universita Degli Studi in Milan, Italy, with a degree in chemistry and pharmaceutical technology.

Chemicals

Detlef Rethage has been appointed general manager, operations, in the organic intermediate division of Creanova in Somerset. Prior to this, Rethage worked as project manager, corporate development, for the Hls Group in Marl, Germany. He received an advanced diploma in civil engineering from Essen University in Germany and an advanced diploma in industrial engineering from Bochum University in Germany.

Manufacturing

Lukas Gnthardt has been named senior vice president, strategic planning, product development and marketing, of K-Tron International in Pitman. Most recently, he was managing director and chief executive officer of K-Tron, Switzerland. Gnthardt holds an MBA from the Sloan School of Management at the Massachusetts Institute of Technology. In addition, James T. Foley has been appointed vice president and chief technical officer. Prior to this, Foley was vice president, research and development. He holds master”s degrees in computer software engineering and engineering management from Widener University.

Services

Thomas B. Upshur has been appointed senior director of radio frequency identification marketing and product management at Checkpoint Systems in Thorofare. Most recently, he was vice president-operations at Checkpoint Security Systems Group in Eden Prairie, Minnesota. Upshur received an MBA from St. Joseph”s University and a bachelor”s degree in electrical engineering from Villanova University.

Hospitality

Amie Creinin has been named director of catering at the Brunswick Hilton and Towers in East Brunswick. She was previously assistant director of catering at the Atlanta Hilton and Towers. Creinin is a graduate in culinary arts from Johnson & Wales University.

Banking

Dot Woods has been named vice president, marketing and advertising, at Columbia Savings Bank in Fair Lawn. Woods joined the bank in 1983, and was most recently director of marketing. She is a graduate of the School of Bank Marketing at the University of Colorado and the Dale Carnegie Institute.

Finance

Patricia Mentus has been promoted to assistant vice president at U.S. Trust Company of New Jersey in Princeton. She was previously associated with Delafield, Harvey, Tabell. Mentus received a bachelor”s degree in business administration from Rider University. Karen M. DeTrolio has been promoted to financial officer. Prior to this, DeTrolio was employed by Barco Systems in Belle Mead. She received a degree in information processing from the Katherine Gibbs School.

Transportation

Donald Galiano has been promoted to national account sales manager at Garden State Leasing & Rent-A-Car in North Arlington. Galiano joined the company in 1997. He is a graduate of Brooklyn College with a bachelor”s degree in business administration.

Marketing

Dreux Sawyer has been named art director, new media, at DKB & Partners in Morristown. Prior to this, Sawyer was a senior graphic designer for Matsushita Services. He holds a bachelor”s degree in fine arts/graphic design from Montclair State University.

Real Estate

John D. Ramous has been appointed investment officer of First Industrial Realty Trust”s New Jersey region in Livingston. Prior to this, he was a senior real estate manager with MBL Life Assurance. Ramous is a graduate of the University of Connecticut.

REAL ESTATE

Contracts

NORTH

Bergen

AutoChlor System, an equipment lessor, purchased 1.8 acres at 686 Gotham Parkway in Carlstadt. Team Resources, Inc. represented the buyer. Cosmo Realty represented the owner, Cho Hong Bank.

C. G. Paper, a shipping supplies distributor, has leased 107,081 square feet at Passaic Street in Garfield. Team Resources, Inc. represented the tenant. Vornado is the owner and was represented in-house.

Fast Corporation, a vending machine manufacturer, has leased 43,000 square feet at 341 Michele Place, Carlstadt. Team Resources, Inc. represented the tenant. SBWE represented the landlord, Gabrellian Associates.

Harley Davidson has leased 17,000 square feet at 124 Essex Street in Rochelle Park. Team Resources, Inc. represented the tenant. Jamie Weiss Realty represented the owner, Frapaul Construction.

ITT Fluid Technology, a pump manufacturer, has leased 27,000 square feet in the MountainView Executive Park at 10 Mountainview Road in Upper Saddle River. Cushman & Wakefield represented the tenant. IB BREL/Koll Realty Advisor, the owner, was represented in-house.

MobileMedia Communications, a communications and paging company, has subleased 54,000 square feet at One Executive Drive in Fort Lee. Miller Freeman is the sublessor. Insignia/ESG represented both parties.

Hudson

EDS, a check-processing division of Electronic Data Systems, has leased 40,000 square feet at 300 Boulevard East in Weehawken. Associated Realty represented the tenant. Newmark Partners represented the owner, Crown Properties.

CENTRAL

Middlesex

AJL Inc., a toy manufacturer representative, has leased 2,500 square feet at 125 May Street in Edison. New Jersey Equity represented the tenant. Newmark Partners represented the owner, WHC SIC.

CBM of America, a telecommunications company, has leased 7,778 square feet at 180 Campus Drive in Raritan Center. New Jersey Equity represented both the tenant and the owner, Federal Business Centers.

Dynamic Decisions, a computer manufacturer, has leased 33,802 square feet at 104 Sunfield Avenue in Raritan Center. New Jersey Equity represented both the tenant and the owner, Summit Associates.

State Farm Automobile Insurance has leased 9,900 square feet at 600 Corporate Court in South Plainfield. Associated Realty represented the tenant. National Realty & Development, the owner, was represented in-house.

United Delivery Systems, a distribution company, has leased 20,670 square feet at 25 Cotters Lane in East Brunswick. New Jersey Equity represented both the tenant and the owner, Frank A. Greek & Sons.

Morris

Ansalda America, an engineering company, has leased 8,500 square feet at 188 Route 10 in East Hanover. Feist and Feist represented the tenant. Associated Realty represented the owner, Dubrow Management.

SOUTH

Burlington

Symphony Pastries, a manufacturer of gourmet frozen desserts, has leased 12,000 square feet at 1263 Glenn Avenue in the Moorestown Industrial Park in Moorestown. RREEF Funds is the landlord. CB Richard Ellis negotiated the lease.

MERGERS &

ACQUISITIONS

Date Announced: 6/1/98

Buyer: American Home

Products Corp.

City/State: Madison, NJ

Seller: Monsanto Co.

City/State: St Louis, MO

Price: $33.27 billion

Percent Sought: 100

Date Announced: 6/1/98

Buyer: Bisys Group Inc.

City/State: Little Falls, NJ

Seller: Underwriters Services Agency

City/State: West Hartford, CT

Price: not available

Percent Sought: 100

Date Announced: 6/1/98

Buyer: MedQuist Inc.

City/State: Marlton, NJ

Seller: Med-Line Transcription Inc.

City/State: Houston, TX

Price: not available

Percent Sought: 100

Date Announced: 6/1/98

Buyer: Poe & Brown Inc.

City/State: Daytona, FL

Seller: Adlerman, Click & Co.

City/State: Princeton, NJ

Price: not available

Percent Sought: 100

Date Announced: 6/1/98

Buyer: Prime Cellular Inc.

City/State: Stamford, CT

Seller: Cell & Molecular Technologies Inc.

City/State: Lavalette, NJ

Price: $4.23 million

Percent Sought: 100

Date Announced: 6/1/98

Buyer: RCN Corp.

City/State: Princeton, NJ

Seller: Interport Communications Inc.

City/State: New York, NY

Price: $11.87 million

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Advanced Energy Industries Inc.

City/State: Fort Collins, Co.

Seller: RF Power Products Inc.

City/State: Voorhees, NJ

Price: $51.09 million

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Butler International Inc.

City/State: Montvale, NJ

Seller: WCC Telephone Services Inc.

City/State: Walnut, CA

Price: not available

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Butler International Inc.

City/State: Montvale, NJ

Seller: Automated Concepts Inc.

City/State: Arlington, VA

Price: not available

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Clearview Cinema Group Inc.

City/State: Madison, NJ

Seller: Headquarters 10

City/State: Morristown, NJ

Price: not available

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Clearview Cinema Group Inc.

City/State: Madison, NJ

Seller: Colony Cinemas

City/State: Livingston, NJ

Price: not available

Percent Sought: 100

Date Announced: 6/2/98

Buyer: Clearview Cinema Group Inc.

City/State: Madison, NJ

Seller: West Milford Cinemas

City/State: West Milford, NJ

Price: not available

Percent Sought: 100

Date Announced: 6/2/98

Buyer: TransTechnology Corp.

City/State: Liberty Corner, NJ

Seller: Undisclosed Companies (3)

City/State: not available

Price: $70.4 million

Percent Sought: 100

Date Announced: 6/4/98

Buyer: Avalon Cable

City/State: Boston, MA

Seller: Cable Michigan Inc.

City/State: Princeton, NJ

Price: $279.22 million

Percent Sought: 100

Date Announced: 6/4/98

Buyer: Cable Michigan Inc.

City/State: Princeton, NJ

Seller: Mercom Inc. (C-TEC Corp.)

City/State: Princeton, NJ

Price: $20.1 million

Percent Sought: 38.1

Date Announced: 6/4/98

Buyer: Rose International Ltd.

City/State: Newark, NJ

Seller: Accord Group Inc.

City/State: not available

Price: $0.8 million

Percent Sought: 100

INSIDER TRADING

NORTH

AlphaNet Solutions

Michael R. Bruce, director, purchased 1,000 shares of common at $12.63 each on May 11, 1998. He now directly holds 3,681 common.

Bed Bath & Beyond

Warren Eisenberg, chairman, sold 85,176 shares of common at $50.88 each on May 13, 1998. Eisenberg indirectly sold 914,824 shares of common at $50.88 each that same day and now directly and indirectly holds 5,040,208 common.

Leonard Feinstein, officer, sold 85,176 shares of common at $50.88 each on May 13, 1998. Feinstein indirectly sold 914,824 shares of common at $50.88 each that same day and now directly and indirectly holds 5,036,794 common.

Cambrex

Peter E. Thauer, vice president, sold 2,500 shares of common at $56.00 each on May 12, 1998. He now directly and indirectly holds 16,436 common.

Checkpoint Systems

Richard J. Censits, director, sold 7,000 shares of common at $18.46 each on May 1, 1998. He now directly holds 25,000 common.

Electro-Catheter

Robert W. Kokowitz, vice president, sold 12,950 shares of common at 38¢ each on May 6, 1998. He no longer holds shares in the company.

Immunomedics

Warren W. Rosenthal, director, exercised an option for 9,500 shares of common at between $2.31 and $3.38 each on May 6, 1998 and sold them at $5.94 each on May 6. He no longer holds shares in the company.

KTI

Martin J. Sergi, officer, exercised an option for 68,381 shares of common at $8.00 each on Apr. 17, 1998 and sold 50,000 shares at $17.38 each on Apr. 17. He now directly and indirectly holds 996,217 common.

Mark Solutions

Michael Rosenberg, vice president, purchased 3,000 shares of common at $1.37 each on May 29. He now directly holds 48,900 common.

Motor Club of America

Stephen A. Gilbert, director, exercised an option for 7,500 shares of common at $2.63 each on May 29, 1998. He now directly holds 28,000 common.

United Retail Group

Joseph Ciechanover, director, exercised an option for 1,800 shares of common at between $3.25 and $4.13 each from May 6 to May 28, 1998. He now directly holds 1,800 common.

Valley National Bancorp

Andrew B. Abramson, director, indirectly purchased 500 shares of common at $30.63 each on May 26, 1998. He now directly and indirectly holds 46,214 common.

Milestone Scientific

Larry G. Haimovitch, director, exercised an option for 5,000 shares of common at $6.88 each from May 15 to May 22, 1998 and sold them at $18.13 each from May 15 to May 22. He now directly holds 5,156 common.

CENTRAL

Hooper Holmes

Robert W. Jewett, officer, sold 2,000 shares of common at $24.00 each on May 1, 1998. He now directly holds 104 common.

Yardville National Bancorp

Frank Kevin Tylus, director, purchased 525 shares of common at $18.63 each on May 15, 1998. He now directly holds 13,685 common.

SOUTH

J&J Snack Foods

Robyn Shreiber Cook, vice president, sold 500 shares of common at $19.50 each on May 1, 1998. Cook now directly and indirectly holds 80,818 common.

Robert M. Radano, officer, exercised an option for 5,000 shares of common at $13.63 each on May 1, 1998. To cover expenses of the transaction Radano turned in 3,450 of them for $19.75 each on May 1. He now directly holds 34,250 common.

BANKRUPTCIES

NORTH

BERGEN

Home Professionals, L.L.C.

190 Jony Rd., Carlstadt

Chapter 7, filed May 20

Case number: 98-26696

HUDSON

Leonard Parness Trucking Corp.

181 Pacific Ave., Jersey City

Chapter 11, filed May 26

Case number: 98-26603

Vanoni Marketing Corp.

PO Box 508, Harrison

Chapter 7, filed May 26

Case number: 98-26623

Leonard Parness

Trucking Co. of N.J., Inc.

181 Pacific Ave., Jersey City

Chapter 7, filed May 21

Case number: 98-26708

CENTRAL

MERCER

Wilbur Sheet Metal, Inc.

27-29 Ward Ave., Trenton

Chapter 11, filed May 21

Case number: 98-36451

Pindy, Inc.

900 Indiana Ave., Trenton

Chapter 7, filed May 21

Case number: 98-36564

MIDDLESEX

Salvatore”s Corporation

60 Rt. 516, Old Bridge

Chapter 11, filed May 20

Case number: 98-36456

R & K Distributors

15 Kuhn St., Somerset

Chapter 7, filed May 20

Case number: 98-36458

SOUTH

ATLANTIC

Cricket Enterprises, Inc.

253 North New Rd., Pleasantville

Chapter 11, filed May 29

Case number: 98-15078

BURLINGTON

Interstate Pump & Machine

Company, Inc.

206 Andrews Ave., Moorestown

Chapter 11, filed May 21

Case number: 98-14846

About Wood Windows, Inc.

1702 Industrial Hwy., Ste. 2, Cinnaminson

Chapter 7, filed May 27

Case number: 98-15024

CAMDEN

Lewandowski Companies, Inc.

PO Box 729, Waterford

Chapter 11, filed May 15

Case number: 98-14680

Haigh, Inc.

5 East Somerdale Rd., Somerdale

Chapter 11, filed May 22

Case number: 98-14926

Bishop & Drain, Inc.

6 Crosskeys Rd., Berlin

Chapter 7, filed May 28

Case number: 98-15031