Toromont Energy Systems, 820 Sylvia Street, Ewing, 08638; 609-771-0300.
The manufacturer’s representation arm of the Canada-based refrigeration and compression technology company has moved from Lenox Drive to Silvia Street in Ewing.
EZEFlow Inc., 63 Hart Avenue, Hopewell 08525; 609-466-8400; fax, 609-466-8410. Marty Capoferri, vice president. Home page: www.ezeflow.com.
EZEFlow, a manufacturer of large pipe fittings, has moved its sales office from 85 Princeton Avenue in Hopewell. Marty Capoferri is in charge of this office.
EZEFlow, which is based in Canada, fabricates fittings that are up to 60 inches in diameter. It sells to the petrochemical, nuclear energy, tar-sand reclamation, gas production, and gas and oil production industries.
Environmental Liability Management Inc., 218 Wall Street, Research Park, Princeton 08540-1512; 609-683-4848; fax, 609-683-0129. Joseph R. Fallon, president. Home page: www.elminc.com.
ELM, an environmental remediation consulting firm, has expanded to 217 Wall Street to accommodate its accounting department. The firm took over the office recently after the death of Walter Barlow, founder of Research Strategies Corp., closed that business in June.
Born in England, Barlow graduated from Cornell in 1939 and served in World War II, in Europe, with the U.S. Army. After the war, he developed a career in opinion research, founding RSC in 1966.
ELM took over the vacant space to accommodate growth, which one year ago allowed the firm to open a location in the Lehigh Valley. Company president Joseph Fallon has said that ELM’s growth is due to its varied clientele. “Developers may suffer during a downturn,” Fallon said, “but large companies in constant need of keeping up with government regulations are steadier customers.”
The firm has two more offices, one in Boonton and one in New York City.
BetterHomesNJ.com/VRI Realtors, 1 Rossmoor Drive, Monroe. Home page:www.betterhomesnj.com.
Online realty listings publisher BetterHomesNJ.com has left its location on Rossmoor Drive and moved to Hazlet.
The office can be reached at 800-691-0111.
C & H Distributors, Cranbury Business Park, Cranbury. Home page: www.chdist.com.
The German-owned catalog distribution warehouse has closed its Cranbury location as part of a companywide consolidation.
According to an employee at the Cranbury facility, C&H’s owners in Germany are closing most of the company’s distribution centers and moving operations to its Milwaukee headquarters. The employee did not say how many centers are closing nationwide, but the company’s website lists additional centers remaining in Reno, Nevada, and Southaven, Mississippi. The closure of the Cranbury site removes 16 jobs from the area.
The move does not appear to be due to trouble in the catalog distribution industry. Industry trade organization U.S. Direct Marketing has tracked a steadily growing market and revenue stream for catalog distributors for the entire decade, despite the Internet’s encroachment on paper printing and despite recent economic woes. The number of catalogs distributed and sales from them have grown about 7 percent, according to U.S. Direct Marketing.
John Deere Landscapes, 12 South Gold Drive, Suite B, Robbinsville 08691; 609-689-0672; fax, 609-689-0698. Scott Granit, facility manager.
Two years after signing a merger agreement with John Deere, lawn maintenance chemical distributor LESCO is now operating as John Deere Landscapes.
The union of LESCO, a main player in professional greening and outdoor pest control, and agricultural equipment giant John Deere’s landscaping arm dates to February, 2007, when Deere agreed to acquire LESCO for $14.50 per common share in cash.
The resulting company is a wholesale distributor of irrigation, nursery, lighting and landscape materials in the United States.
The transaction roughly doubles the number of store locations for John Deere Landscapes with the addition of LESCO’s 332 stores, strengthening its presence across the U.S. and especially in the eastern seaboard states.
The South Gold Drive location is a distribution facility for the region. The firm has a second distribution center on Cranbury-South River Road in Jamesburg.
Merrill Lynch & Co. acted as financial advisors to Deere & Company in connection with this transaction. William Blair & Company and Western Reserve Partners LLC served LESCO as financial advisors.
New in Town
Allychem USA Inc, 11 Deer Park Drive, Suite 102-B, Monmouth Junction 08852; 732-668-8758; fax, 732-439-9369. Zhinong “James” Gao PhD MBA, general manager. Home page: www.allychemusa.com.
Chinese chemical manufacturing company Allychem Ltd. has open its United States sales and marketing office in Monmouth Junction.
Allychem, based in Dalian, manufactures chiral compounds (in which molecules make mirror images that cannot match up in the same positions, akin to how the left hand and right hand can not show the same features when positioned identically) and diboron esters (in which are the result of an acid-alcohol process that eliminates water).
The U.S. sales and marketing office is headed by the firm’s business development manager, Zhinong Gao.
Integra LifeSciences Holdings Corporation (IART), 313 Enterprise Drive, Plainsboro 08536; 609-936-3600; fax, 609-275-5363. Stuart M. Essig, CEO. Home page: www.integra-ls.com.
Integra LifeSciences Holdings Corporation (Nasdaq:IART) has acquired substantially all of the assets of Innovative Spinal Technologies, Inc. (IST) for $9.25 million in cash.
IST, which had ceased operations and was undergoing a Chapter 7 bankruptcy, designed, developed, manufactured, and sold spinal implant products focused on minimally invasive surgery (MIS) and motion preservation techniques. The product lines acquired in the transaction include a system for lumbar fusion procedures, an interbody fusion system, and an anterior cervical plating system, as well as the product development assets related to IST’s product line for posterior dynamic stabilization.
Integra Spine acquired IST’s portfolio of over 100 U.S. and foreign patents and patent applications, its trademarks, and its product inventory, and assumed certain of its patent license agreements.
“We are excited to add a minimally invasive spinal implant system to our product portfolio,” Randy Theken, president of Integra Spine, said in a statement. “This acquisition gives us innovative products that can be available near term, as well as intellectual property that will support a pipeline of new products, particularly in the rapidly growing field of minimally invasive spine surgery.”
IST reported that it generated approximately $2.2 million of revenue in 2008 and ceased operations in January, 2009. The company filed for bankruptcy in Massachusetts in May. The acquisition is the result of an auction process conducted by the Chapter 7 trustee and approved by the United States Bankruptcy Court for the District of Massachusetts.
This acquisition is expected to be neutral to Integra’s earnings in 2010.
Integra is a global medical device company whose products are used primarily in orthopedics, neurosurgery, and general surgery.
Laureate Pharma LLP (SFE), 201 College Road East, Princeton 08540; 609-919-3300; fax, 609-452-7211. Robert J. Broeze PhD, president. Home page: www.laureatepharma.com.
Laureate Pharma has signed a manufacturing and biopharmaceutical agreement with Neoprobe Corp., a Dublin, Ohio-based medical device developer, for the colorectal cancer-detecting drug that company is working to bring to the market.
Laureate will help in the production of its Rigscan CR antibody, a diagnostic tool for colorectal cancer that fell short of Food and Drug Administration approval more than a decade ago.
Neoprobe has told investors the Rigscan technology has received favorable assessments from European regulators while a review by the FDA awaits. Its market potential has been estimated at more than $2 billion annually.
Neoprobe CEO David Bupp said in a release that the new deal, financial terms for which weren’t disclosed, allows the company to “leverage Laureate’s expertise and infrastructure while we seek to establish Rigscan CR as an improvement in the treatment for colorectal cancer.”
Bertha A. Graham, 59, on September 8. She had been a network analyst for ETS and C.S.C. for more than 33 years.
Finn Caspersen, 67, on September 7. A Rhode Island resident and the former chairman and CEO of Beneficial Corp., he was a major donor to the Peddie School, where five buildings are named for him. He was also a major donor to the Caspersen Rowing Center on Mercer Lake in West Windsor.