The defense contractor is moving several productions from Baltimore to its existing facilities in Moorestown.

The company will use the funds to accelerate sales and marketing of its cloud manufacturing platform for mid-market industrial, energy IoT, robotics and computing enterprises.

In its new form, Carrera Revell of Americas, which also opened a warehouse in Atlanta, develops, manufactures and distributes products under the brands Carrera, Revell and Pustefix and also holds major licenses from partners like Nintendo, Disney and major car manufacturers.

The wholly owned subsidiary of SWK Holdings Corp. added space allowing it to seek deeper development and manufacturing relationships with partners by providing custom solutions from bench to market.

The investment will support the addition of another manufacturing shift, bringing 334 jobs to the town of Clarksville where the company established its first U.S. manufacturing operations for the products four years ago.

Sixteen successful candidates will receive an apartment and a separate commercial space zoned for light manufacturing starting at $1,800/month.

With this latest acquisition, the Jersey City-based food service packaging and janitorial supplies distributor would be able to expand its footprint to 80 facilities nationwide.

With a check for $25,000 to support the rebirth of the Summer Jobs Program, the two entities will invest in new support programs to help expose young people to the world of manufacturing/STEM and encourage them to consider the industry as a career path.

The program's goal is to create a pipeline of workers that will have increased marketable skills that will positively impact their future earning potential.

The Hayward Holdings CEO, speaking shortly after the company went public on March 12, discussed the industry's new technology and efforts to produce more environmentally friendly equipment, how the installed base of 25 million pools worldwide provides a steady market and how Hayward plans to grow as a public company.

This latest round of funding comes in the second year of this new program as a bid by the Murphy administration to steer more students toward “work-based learning.” Under NJ PLACE, students can earn college credit and apprenticeship wages at the same time

Joanne Schlesinger represents the second generation to lead the iconic Dover-based American-made beauty brand.