#b#Acquisitions#/b#
Johnson & Johnson (JNJ), One Johnson & Johnson Plaza, New Brunswick 08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman & CEO. www.jnj.com.
Johnson & Johnson will acquire Micrus Endovascular, a San Jose-based manufacturer of minimally invasive devices to address hemorrhagic and ischemic stroke, in a cash-for-stock deal worth roughly $480 million. The boards of both companies have approved the transaction, which now must be approved by stockholders.
The news comes on top of a July 15 announcement that Johnson & Johnson will lay off hundreds of workers at its manufacturing plant in Fort Washington, Pennsylvania, as a result of a major Tylenol recall that has idled that plant.
On the other hand, this is the pharma giant’s second foray into the stroke technology market. Last year, Johnson & Johnson expanded its neurosciences division to form a new business unit named Codman.
#b#Management Moves#/b#
MISTRAS Holdings Group/Physical Acoustics Corp. (MG), 195 Clarksville Road, Princeton Junction 08550; 609-716-4000; fax, 609-716-0706. Sotirios Vahaviolos, CEO. www.pacndt.com.
MISTRAS, a manufacturer of acoustic emission, ultrasonic and eddy current testing instruments has named Francis Joyce its new CFO. He replaces Paul Peterik, who retired in March.
A 30-year veteran of executive-level business, Joyce most recently served as CFO of the Macquarie Infrastructure Company, which provides services in the general aviation, bulk liquid storage, gas utility, district cooling, and airport parking industries.
Prior to the Macquarie Group, Joyce was CFO of IMAX Corporation and TheGlobe.com. He started his career in public accounting at KPMG in New York.
Joyce holds a bachelor’s in accounting from the University of Scranton and an MBA in finance from Fordham.
#b#Leaving Town#/b#
Gannett Fleming Inc., 3575 Quakerbridge Road, Hamilton. www.gannettfleming.com.
Gannett Fleming, an environmental engineering firm headquartered in Camp Hill, Pennsylvania, and which has dozens of regional offices in the U.S. and Canada, has left its Hamilton location.
The firm remains in New Jersey and can be reached at its South Plainfield office at 908-755-0040.
Quantum Integrators Group LLC, 3371 Route 1 South, Lawrenceville. www.quantumintegrators.com.
Quantum Integrators, an IT firm that provides consulting, support, outsourcing, and software for managing business data, appears to have left its office in Lawrence Commons.
The company’s phone lines no longer connect to a business or are out of service. There is no forwarding information.
The company also had an accounting office on East State Street Extension in Hamilton that could not be reached.
N.L. Garlic Law, 197 Berg Avenue, Hamilton.
Nicole Lemire Garlic appears to have left her real estate and construction law practice in Hamilton. Her company’s phone and fax numbers have been disconnected and its website no longer exists.
#b#Deaths#/b#
Sandra Eastmead, 63, on July 20. She was an executive secretary for the state Department of Human Services and a longtime employee at P.C.F. Distribution.
Jennifer Ross, 40, on July 18. She was the director of marketing at Gallup Organization.
