Lamitech Inc., 322 Half Acre Road, Cranbury 08512; 609-860-8037; fax, 609-860-8580. www.lamitech.com.
Lamitech Inc., a manufacturer of posterboard, cardstocks, and mounting boards, has bought the Signature Food Boards brand from a New York company, General Die & Diecutting. Signature Food Boards is a line of laminated bakery and cake trays used for catering.
“With several FDA-approved product lines serving the food industry, including laminated and die-cut food boards, the acquisition of the Signature Food Boards line is a natural fit and strategically targeted move for Lamitech,” said Lamitech vice president Adam Reiser in a press release.
Edison Partners, 281 Witherspoon Street, Suite 300, Princeton 08540; 609-896-1900; fax, 609-896-0066. Chris Sugden, managing partner. www.edisonpartners.com.
Edison Partners, a venture capital firm, says it is exiting an investment in Premier Healthcare Exchange, a Bedminster-based provider of healthcare cost management and electronic payment services
Edison said it made a 10-fold profit on its 2010 investment in the company, which along with its subsidiary, Pay-Plus Solutions, is merging with Stratose and GlobalCare, both based in Atlanta. Edison will have a minority ownership in the new company, and Edison managing partner Chris Sugden will sit on its board of directors.
“We are grateful to Todd Roberti (CEO and founder) and the entire PHX management team, whose combined strategic vision and relentless execution created a market leader with incredible growth and an exceptional return for all stakeholders,” Sugden said.
Ameri100, 100 Canal Pointe Boulevard, Suite 108, Princeton 08540; 732-243-9250; fax, 732-243-9254. Giri Devanur, CEO. www.ameri100.com.
AmeriHoldings, a management consulting company, has hired Edward O’Donnell as chief financial officer.
O’Donnell, who previously held posts at Radbourne Property Group, AudioEye Inc., Augme Technologies, and Carlyle Capital Group, will work at the company’s Canal Pointe Boulevard office.
The company is also known as Ameri100 and specializes in using technology to improve the operations of clients.
New Jersey Hospital Association, 760 Alexander Road, Princeton 08540; 609-275-4000; fax, 609-452-8097. Elizabeth Ryan, president & CEO. www.njha.com.
Leslie D. Hirsch, president of the Saint Peter’s Healthcare System, will be chairman of the board of the New Jersey Hospital Association for one more year — one more than expected.
The change of plans is due to the sudden departure of chairman-elect John A. Brennan, who is president and CEO of Newark Beth Israel Medical Center and Children’s Hospital of New Jersey and vice president of Barnabas Health.
Brennan left a vacancy in his position when he announced he would be leaving New Jersey for a new position at WellStar Health System in Georgia.
The NJHA also swore in other board members at a January 29 meeting: Amy B. Mansue, president of Children’s Specialized Hospital, Joseph W. Devine, president of Kennedy Health, Kevin J. Slavin, president of St. Joseph’s Healthcare System, and Stephen K. Jones, president of Robert Wood Johnson Health System.
Innophos Inc. (IPHS), 259 Prospect Plains Road, Building G, Cranbury 08512; 609-495-2495; fax, 609-860-0138. Randy Gress, CEO. www.innophos.com.
Innophos Holdings Inc., a producer of specialty phosphates, has promoted vice president Mark Feuerbach to interim CFO.
Feuerbach is an industry veteran with 25 years experience, according to a press release. His predecessor, Robert Harrer, resigned.
Munich Reinsurance Inc., 555 College Road East, Princeton 08543; 609-243-4200; fax, 609-243-4257. Anthony Kuczinski, CEO. www.munichreamerica.com.
Munich Health has appointed Juan Serrano CEO and president of Munich Health North America.
Serrano succeeds Donna Peterson, who retired after roughly 40 years in the insurance industry.
“Juan is a well-known and widely respected executive in the health industry,” Tom Van den Brulle, chief executive of reinsurance at Munich Health, said in a press release. “His deep knowledge of the mechanics and pain points of the industry paired with his demonstrated leadership will help us serve our clients in a time of fundamental change in the market. North America is a key region for Munich Health and we are investing in future growth.”
Serrano was previously CEO of Prominence Health and senior vice president of payer strategy and operations of Catholic Health Initiatives.
#b#New in Town#/b#
Bank of Princeton, 2999 Princeton Pike, Lawrenceville 08648; 609-882-0500; fax, 609-882-6050. Karin Broadway.
The Bank of Princeton has opened its 10th branch on Princeton Pike. The bank was founded in 2007 by entrepreneur Steve Distler. (U.S. 1, June 17, 2015.)
Prism Capital Partners (BDN), 1009 Lenox Drive, Suite 100, Lawrenceville 08648; 609-895-9595; fax, 609-895-9899. Ginny Carita, senior property manager. www.prismpartners.net.
The owners of Princeton Pike Corporate Center have sold the eight building, 800,000-square-foot office complex. Bloomfield-based Prism Capital Partners, together with Angelo, Gordon & Co. of New York, bought the park three years ago in a joint venture and made extensive renovations.
The sellers credited the renovations with attracting new tenants such as J. Knipper and Company, Eckert Seamans Cherin and Mellott, Adare Pharmaceuticals, and Foundation Asset Management Planning. The center is 90 percent leased with tenants including Sirius XM Radio, Morgan Stanley, Wells Fargo Advisors, Stark & Stark, Princeton Healthcare Services, Fox Rothschild LLP, and MetLife Solutions Group.
“This work successfully elevated the property’s profile, and established an environment that fosters both tenant retention and new leasing interest,” said Edwin Cohen, principal partner of Prism Capital Partners. Terms of the deal were not disclosed.
Marie Garibaldi, 81, on January 15. She was the first woman to serve on the New Jersey Supreme Court. Among her notable decisions was the 1990 case Frank v. Ivy Club, in which she ruled that the exclusion of women from Princeton University’s eating clubs violated state anti-discrimination laws.
Jeanette Marie Krueger Muser, 75, on January 25. She was the librarian at West Windsor-Plainsboro High School for 23 years and later served on several local history projects and the Rocky Hill Planning Board.
Annette L. Taylor, 57, on January 23. She was a software engineer for Probos Test Systems at Lakehurst Naval Base and a member of the ACM & IEEE Princeton Chapter, where she was chairwoman for technical conferences. She also helped organize the Trenton Computer Festival.
Theresa Thery, 59, on January 22. She was a CPA who worked for Robert L. Tammaro & Company of Monroe for her entire career.
David G. Yano, 54, on January 19. He was retired from the state police as a civilian employee.
Maureen LiMato Zarrilli, 62, on January 26. She was the patient coordinator at the Hamilton Dental Association.
Neil Zingerman, 51, on January 27. He was a supervising investigator with the state Department of Corrections Special Investigations Division.