CRP Industries is proud of its German roots. The company, a distributor of automotive parts and industrial products, even plans to celebrate the opening of its new North American headquarters facility in Cranbury with a day of German food and music, says Michael Palm, vice president of marketing.
The company, founded in 1954 by Adam Schilge, is not itself German, but it was built to be North America’s conduit for German tire company Continental, which made tires for the Volkswagen Beetle. CRP retains ties to the firm, now called ContiTech, along with other German automotive brands.
CRP’s new 108,000-square-foot warehouse and distribution center is nearly double the size of the company’s previous headquarters in Carteret. That site, Palm says, had served as CRP’s North American HQ since 1962. “We had owned and operated our own land,” Palm says, “and had to expand due to growth in all our sectors.”
The company provides some of the most recognized brand names in the auto parts and industrial markets, including ContiTech Automotive Belts, Rein Automotive Parts and Accessories, Pentosin Technical Fluids, CRP Industrial High-pressure Thermoplastic Hose, and Perske High-Speed Motors.
Palm says CRP had added to its Carteret site four times over the years and finally grew too big for itself. About two years ago the company scouted around for a new piece of land — one it could buy. “We like to own our own land,” Palm says, and it wanted a tract that would not put an undue relocation burden on the facility’s 80 employees.
He says the company settled on Cranbury because of its notoriety as a warehouse-friendly place, and because it could secure a nine-acre piece of land pre-zoned for a distribution center. The company broke ground with developer J.G. Petrucci in June, 2008, and laid the foundation in the fall. “It went up pretty fast,” Palm says.
The site offered CRP the chance to make some changes, allowing for better flow of the workspace and increased attention to environmental concerns. At the 65,000-square-foot Carteret facility, certain large orders would take up to two days to fill, with two or three pick-packers working on the order. With the better space — not to mention the increased room, which allows for about 12,000 pallet spaces compared to Carteret’s 4,000 — a single pick-packer can complete the same order in 24 hours.
The site includes a workflow-efficient assembly and production shop and an office/work station design that is conducive to improved communication between key functional departments. With more bay doors the company is able to handle additional incoming freight in a more timely manner while also processing outgoing orders more quickly.
On the green side, the new plant sports a white roof to reflect the sun to reduce heat transfer, a reinforced roof structure to accommodate an array of solar panels in the future, a recycling program, and motion-sensored lighting.
No manufacturing happens here, Palm says. Rather, the site imports containers and bulk products and assembles them into packages for the wholesale market. The facility is built to allow expansion within its walls, he says, but not through any additions. “We’ve pretty much maxed out our space.”
Palm, a former head of worldwide marketing for language institute Berlitz, says the new facility has paid off in unexpected ways. The employees, for example, are really excited to see geese crossing the street. Highly industrialized Carteret did not afford such luxuries. “We’re really excited to be here,” Palm says. “This is such a nice change of pace.”
— Scott Morgan
CRP Industries, 35 Commerce Drive, Cranbury 08512; 609-578-4100; fax, 609-655-5300. Dan Schildge, president. www.crpindustries.com.
Burgdorff ERA, 264 Nassau Street, Princeton 08542; 609-921-9222; fax, 609-921-9438. Beverly Hannold, office manager. Home page: www.burgdorff.com.
The Nassau Street Burgdorff ERA real estate office will close on Thursday, July 2, as Burgdorff consolidates operations by joining forces with Coldwell Banker, its sister company. Tracy Devine, vice president and office manager, says that 24 of the 30 agents in her office will move to Coldwell Banker’s Princeton Junction office. Five agents will relocate just down the street to Coldwell Banker’s 10 Nassau Street office, and one agent will move to a Hillsborough Coldwell Banker office near her home.
Devine says that, while the Burgdorff/Coldwell Banker consolidation is set to go through by the end of July, her office is moving right away. “We don’t waste time,” she says. “We want to minimize any disruption for our agents.”
Burgdorff was founded in 1958 in Murray Hill by Jean and Douglas Burgdorff. Douglas Burgdorff died in 1968, and Jean sold the company to NRT (then called National Realty Trust) for $8 million in 1996. After the sale, the company operated as an ERA franchise.
Devine says that the bulk of the company’s market was in northern New Jersey, but that her Princeton office had done a good job in anchoring the southern part of the state.
In fact, while real estate sales in New Jersey are reported to be just half of what they were in 2005, Devine says that her office is “absolutely up from last year.” Sales, she says, have come from the confluence of first time homebuyer tax credits, the move-up buys resulting from these sales, low interest rates, and on-target pricing by sellers. “The buyers see value,” says Devine, who has been with Burgdorff for 21 years.
The money-saving consolidation will leave Coldwell Banker with 63 offices and 3,700 associates in New Jersey.
Devine says that she and her agents see positives in the move. “Our office is charming,” she says, “but there is more room in the Princeton Junction office.” There will probably be fewer walk-ins, including the international home buyers who have strolled across the street from the university in the past, she says, but there will be more parking.
What’s more, says Devine, “this gives us substantial market share.”
FDA Approves Antares’ Needle-Free Injections
Antares Pharma Inc. (AIS), 250 Phillips Boulevard, Ewing 08628; 609-359-3020; fax, 609-359-3015. Paul K. Wotton, president and CEO. Home page: www.antarespharma.com.
Antares Pharma shares rose as much as 74 percent on Monday, June 29, after the FDA approved the needle-free injections it has developed for use in treating patients with human growth hormone.
Teva Pharmaceutical Industries, which is based in Israel, has been given approval to use Antares’ needle-free injection device to administer its Tev-Tropin human growth hormone.
Antares President and CEO Paul Wotton said it was the first approval in the Teva-Antares collaboration.
Human growth hormone protein is administered to children with growth hormone deficiency, the companies said. The needle-free injection allows patients to avoid needles and allows for “rapid injection speed.”
Needle-free injectors push a fine stream of liquid that penetrates the skin and is dispersed in subcutaneous tissue, and from there it is distributed throughout the body.
Bristol-Myers Squibb, 75-85 Orchard Road, Princeton 08540.
Bristol-Myers Squibb is closing its offices on Orchard Road and moving employees who had worked there to other BMS offices in central New Jersey.
Brian Henry, a spokesman for BMS, says that the Orchard Road offices housed about 300 workers, most of them help desk support. Their move, he says, is part of the company’s “ongoing initiative to reduce operating expenses.”
Q-Med Scandinavia, 103 Carnegie Center, Suite 301-B, Princeton 08540. Home page: www.q-med.com.
Q-Med AB, the Sweden-based parent company of Q-Med Scandinavia, recently completed a deal with Oceana Therapeutics that ended Q-Med’s presence in the Princeton area.
Q-Med AB gained worldwide commercialization rights to urinary tract medicine Deflux and incontinence medicine SolestaT, along with future products that utilize Q-Med’s proprietary NASHAT technology.
As part of the transaction Oceana Therapeutics acquired Q-Med Scandinavia and closed Q-Med’s Carnegie Center office, moving its employees to Oceana’s American headquarters in Edison.
Oceana can be reached at www.oceanatherapeutics.com or by calling 732-318-3800.
Stentys, 103 Carnegie Center, Suite B-109, Princeton 08540; 609-853-0110; fax, 609-275-6155. Hikmat Hojeibane, chief technology officer. www.stentys.com.
Stentys, a medical technology company specializing in the design of new-generation stents (small metallic tubes used in the treatment of blocked coronary arteries), has announced the completion of a Series B financing round with the closing of an additional $4.2 million from Credit Agricole Private Equity.
The “B” round also included Sofinnova and Scottish Equity Partners, which made a joint contribution of $18 million during the B-series financing.
Stentys, based in Paris, was founded in 2006. It has developed a new-generation stent, specially designed for use in the treatment of acute myocardial infarction and blocked coronary-artery bifurcations.
Treatment of acute myocardial infarction (commonly referred to as “heart attack”) accounts for almost half of stent implantations worldwide, a market of some $5 billion.
Since March, 2008, Stentys has completed an initial clinical trial involving 40 patients, demonstrating that its self-expanding stent can be implanted safely and easily. This second financing of the Series “B” round will be used, in part, to begin European marketing of the first self-expanding stent for the treatment of myocardial infarction.
Clearbrook Financial LLC, 600 College Road East, Suite 3400, Princeton 08540; 609-921-8989; fax, 609-921-8941. John Morris, CEO. Home page: www.clearbrookfinancial.com.
Clearbrook Financial, which provides financial solutions to the institutional investment community, has moved from Hulfish Street to College Road East.
Alfred L. Kettell Jr. Esq., 215 North Main Street, Pennington 08534; 609-737-9898; fax, 609-737-7405.
Alfred Kettell has moved his law office from Route 31 to North Main Street. He specializes in real estate and municipal law.
Electrosonic Systems, 684 Whitehead Road, Lawrenceville 08648. Andrew Kidd, general manager. www.electrosonic.com.
The New Jersey office of Electrosonic, a corporate AV communications firm headquartered in Burbank, California, has moved to Burlington.
The office, managed by Andrew Kidd, covers sales to museums, visitors centers, gaming, and broadcast markets in the Northeast. The firm can now be reached at 609-239-6930.
Mt Cook Pharma Inc., 214 Carnegie Center, Suite 100, Princeton 08540. www.mtcookpharma.com.
Less than a year after it moved into Carnegie Center, Mt. Cook Pharma has left New Jersey.
The firm, which develops medicines for urological disorders, is now headquartered within the offices of Paramount BioCapital, a pharmaceutical development and healthcare investment firm. All inquiries to Mt. Cook can be directed to 212-554-4300, or through www.paramountcapital.com.
Pharmasset Inc., 303-A College Road, Princeton 08540; 609-613-4100; fax, 609-613-4150. P. Schaefer Price, CEO. www.pharmasset.com.
Pharmasset Inc., a biotech focused on treatments for viral infections, has renewed its 30,894-square-foot lease at 303 College Road East for another five years. The drug developer’s new term begins in May, 2010. The single-story, 61,000-square-foot building is part of College Park at Princeton.
To the Editor:
Thank you for your June 10 reference to our collaboration agreement with Brighter Ideas Inc. We are already producing new inventions to leverage their knowledge of proteases and our capabilities for statistical analysis and software development.
We would like to correct one aspect of the story — the name of our suite of pathway-centric research collaboration and data management tools is BioPathwise.
G. Scott Lett, Ph.D.
President, the BioAnalytics Group, 241 Forsgate Drive, Jamesburg
Theft. A resident of West Windsor was the victim of theft on June 23 between 6:45 a.m. and 10:30 p.m. at the Wallace permit lot at the Princeton Junction train station. Officer Lee Brodowski said someone broke the driver’s side front window of the victim’s car and stole a GPS unit mounted on the windshield.
Someone stole a printer from the Information Technology Building at Mercer County Community College sometime between June 15 and June 21, Officer Michael Bollentin said.
A resident of East Windsor was the victim of credit card theft on June 20. Sergeant Brian Gallant said someone used the victim’s credit card at the Target in Nassau Park. He said the victim reported that her wallet had been stolen from her handbag about an hour earlier at the Quakerbridge Mall.
Anthony Federico, 55, on June 28. He had been the Princeton Borough police chief since June, 2001. A Lawrence resident, he was a 29-year veteran of the police force.
Alec Gallup, 81, on June 22. Along with his brother, George Gallup Jr., he was chairman of the Gallup Poll until 1996. The Gallup Poll was founded by his father in 1935.