The Newark-based startup development program for pre-seed hard tech companies is one of five participating in the initiative.

The transaction would be the second within a year for the East Rutherford-based company, following its addition of Q1 Scientific.

The Illinois-based distributor of specialty building materials also opened locations in the past two years in Paterson and Newark.

Michael Hays has "a strong track record of expansion, coupled with a reputation for building a world-class packaging manufacturing group,” said current President Maurice Barakat, who will take on the roles of executive chairman and CEO.

After seeing 70% growth in its business since 2019, the company invested $18 million to grow the facility by 100,000 square feet to keep up with increasing demand.

Ping Gencianeo, who has been with the Jersey City-based manufacturer for 25 years, will be responsible for its environmental, social and governance initiatives.

The pandemic revealed just how crucial the sometimes-underappreciated sector is, laying bare its value as well as supply chain vulnerabilities.

The Sayreville-based company said it will soon launch new products made from various materials with unique benefits, such as recyclability and recycled content usage.

Two months after Chief Financial Officer Heather Pomerantz left to pursue other opportunities, the Secaucus-based pet food company announced Todd Cunfer will take on the role starting Dec. 1.

CEO Haro Hartounian said the additional GMP manufacturing site is part of the company's expansion plan and allows it to "take on more projects to help biotech companies bring their products from bench to market, which is what we do best."

Following the departure of its president of snacks, the Camden food manufacturer appointed Mick Beekhuizen as president of meals and beverages and Chris Foley, currently president of that division, as president of snacks.

Novo Nordisk is working to resolve shortages of Ozempic and Wegovy by the end of the year.