Newell Brands is continuing its plan to simplify and strengthen its portfolio, it announced Friday, agreeing to sell its winter sports businesses to a private equity firm for approximately $240 million in gross proceeds.
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Manufacturing
N.Y. company buys assets of closed Pennsauken tag, label business
A New York state-based tag and label printer has purchased the assets of a shuttered Pennsauken business, it announced earlier this week.
Read More »Mt. Laurel thermal product maker buys induction heating systems company
InTEST Corp., a Mount Laurel-based maker of thermal management products, has acquired a provider of induction heating systems based in New York state, it announced Wednesday.
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Campbell Soup makes investment in Chef’d
Campbell Soup Co. announced Wednesday that it has invested $10 million in Chef’d, an e-commerce meal marketplace.
Read More »Jersey City’s Imperial Bag combining with Florida company
Imperial Bag & Paper Co. LLC, a Jersey City-based distributor of disposable food service and janitorial supplies, has reached a definitive agreement to combine with Dade Paper & Bag Co., based in Miami.
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Dreaming of expansion Piscataway-based internet mattress company, Dream On Me, has plans to add 800 manufacturing jobs to New Jersey in coming years
Mark Serure has achieved the American dream by helping babies sleep well at night.
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Savills Studley names supply chain specialist
Hackensack-based commercial brokerage Savills Studley recently announced it has hired Aron Gunkelman for its Industrial Services Group. He will serve as assistant director within the supply chain practice.
Read More »Mannington Mills sells product line 80 jobs lost
A Salem County maker of flooring products has sold a product line, resulting in 80 layoffs, according to multiple published reports.
Read More »Sekisui America names new president
Secaucus-based Sekisui America Corp., a chemical and plastics business, announced it has appointed of Ian Moran as its new president.
Read More »N.J. staple manufacturer to be acquired by GreatStar Industrial
Hangzhou GreatStar Industrial Co. Ltd., a developer, manufacturer and supplier of hand and power tools, announced it has agreed to acquire Saddle Brook-based Arrow Fastener Co. LLC from its parent company, Masco Corp.
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JJ earns Top 5 rank for diversity
Johnson & Johnson led six New Jersey-based companies that earned a spot on the DiversityInc Top 50.
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Wound care product company sells N. Bergen property, leases it back
DermaRite, a maker of wound care and nutritional products, has sold its North Bergen property in a sale-leaseback deal, according to broker NAI James E. Hanson.
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