Berlitz, the internationally known language education firm, headquartered at 400 Alexander Park, has been acquired by a German firm in a move that will lead to some downsizing of the Princeton facility.
Munich-based Langenscheidt Publishing Group has agreed to acquire Berlitz’s consumer publishing assets and enter into a long-term license for the use of the Berlitz name and trademarks in the international consumer publishing business. The company publishes more than 590 tiles in 21 product lines and eight language markets.
Berlitz, with world headquarters at 400 Alexander Park, was founded by Maximilian D. Berlitz in 1878. It was acquired by Tokoyo-based Fukutake Publishing in 1993. Fukutake, which recently changed its name to Benesse Corporation, owned two-thirds of the language study and publishing company until 2001, when it acquired the remaining shares.
Berlitz has 140 employees at its Alexander Road offices, which also houses its Princeton Language Center. Under the acquisition agreement, Berlitz will continue to produce its own proprietary curriculum materials for use in its instructional programs. Using a program that emphasizes total immersion in a new language, the company teaches business people, travelers, and students in over 50 countries. It also offers translation services.
Langenscheidt, which is older than Berlitz by 22 years, publishes travel guides and specialized dictionaries for professionals in engineering, veterinary science, and a number of other disciplines. It also offers translation services, and teaches foreign languages.
In a prepared statement, James Kahl, chairman of Berlitz, said that "this transaction will let Berlitz concentrate on its core businesses of teaching languages and providing translation services while ensuring that the Berlitz-branded publishing program will develop and thrive for many years."
#h#Buyouts: Stada and UII#/h#
Stada Pharmaceuticals, 5 Cedar Brook Drive, Cedar Brook Corporate Center, Cranbury 08540. Christian Scheiner, president. 609-514-9600; fax, 609-409-8316. Home page: www.stada.com
Puerto Rico-based Mova Pharmaceutical has sold the assets of Mova Laboratory to the U.S. subsidiary of a German firm, and the firm — Stada Arzneimittel AG — now occupies Mova’s former space at Cedar Brook Corporate Center. The Stada subsidiary moved from Cleveland to the former Mova site, where there are now 17 employees. Stada is selling and distributing prescription generic products, and in its portfolio it has Mova products.
Based in Bad Vilbel, Germany, Stada is a mid-size company traded on the Frankfurt Stock Exchange and is one of the leading generic manufacturers in Europe. "In the United States we are just new in the market," says Scheiner.
Scheiner has been with the company for a year. The son of an electronics technician in Transylvania (Rumania), he went to a business school in Germany and has an executive business degree from the Kellogg School at Northwestern University. In his 18 years in the pharmaceutical industry he worked for Boehringer Ingelheim in Canada and Germany and for Benvenue Laboratories in Cleveland, where he was international director. His firm had had a relationship with Mova, which was distributing its products.
"The exciting thing is for a German company to build a presence in the U.S. market and grow to a competitive size," says Scheiner. "All of us are very excited to work in this area and call New Jersey and Cranbury our business home and to make a contribution to the city and state we are doing business in. We very much looking forward to being a successful company in the pharmaceutical belt."
UII Corp. (Uberoi International), 314 Commons Way, Montgomery Commons, Princeton.
An 18-year-old firm, UII Corp., vacated its office at Montgomery Commons last month. UII’s owner, Mahesh Uberoi, sold the firm to Cognicase CTC last August. Based in Montreal, Cognicase is a public company (COGI on Nasdaq), that focuses on transactional IT solutions. UII’s calls are being referred to the U.S. headquarters of Cognicase at 25 Independence Boulevard, Warren 07059, 908-860-1100, fax 908-642-1016. Uberoi is no longer with the firm, which employed 24 people at this location last year.
Among the Cognicase clients are government agencies in Canada, Europe, and the United States. The UII acquisition is expected to contribute to Cognicase’s vertical market in financial services and the public sector. UII was a select IT partner with UNISYS and a prime contractor with the U.S. General Services Administration.
#h#New in Town#/h#
Princeton Display Technologies Inc., 812 Route 206, Suite 206, Princeton 08540. Suprasad Baidyaroy, president. 609-430-0690; fax, 609-430-0691. Www.princetondisplay.com
Suprasad Baidyaroy recently moved his display design consulting firm from a home office to Route 206. He also has a 10,000-foot warehouse in Chicago. In addition to consulting he imports cathode ray tubes for computer and point-of-sale terminals, ATMs, and high resolution medical monitors, and he will also do software projects and teaching projects.
Baidyaroy is the son of an accounts officer who graduated from a prestigious engineering school (IIT in Kharagpur, India) in 1967 and earned his doctorate in electrical engineering from Princeton, hence the name of the company.
Several years ago he and his wife Reeta (an attorney who also teaches Indian classical dance) moved from Montclair to Ettl Farm in Princeton. In his 30 years in the display design business, he has designed military cockpit displays for Thomson CSS and Hughes in Dover and Clifton.
Fenton Tile Co., 5A Marlen Drive, Robbinsville 08691. Jeff Fenton, CEO. 609-890-9331; fax, 609-890-9335.
Last year this ceramic tile installation business moved to Robbinsville from Forked River, because most of its work was in this area. The 35-year-old business employs 15 people.
Catalyst Solutions Inc., 3371 Route 1, Lawrence Commons, Suite 216, Princeton 08648. Donville I. Thorpe, business development. 609-452-8555; fax, 609-452-9533. E-mail: firstname.lastname@example.org Home page: www.catalyst-site.com
Donville Thorpe set out to create a business that could weather any economy. Good thing, because Catalyst Solutions, his staffing firm, began life in 1998, just when nearly every pundit was seeing nothing but blue skies. But when the company was just two years old, thunder clouds were popping up everywhere from dot-comville to the heights of the Fortune 100.
Despite the stormy weather, Thorpe, whose title is director of business development, and his business partner, Gary Moore, who serves as director of operations, have been able to grow. In September, Catalyst moved from offices on West State Street in Trenton to a larger space in Lawrence Commons.
Thorpe says his company moved to gain more room, but more importantly, to gain more visibility. "If you’re going to fish, you have to go where the fish are," he says. Catalyst is trolling for the corporate accounts that line Route 1. The company has established relationships with Trenton entities, including the city’s police department and water department, and has done work for a number of small and mid-sized companies.
To secure more business, and to promote his business to larger companies, Thorpe says he is "out all the time." Networking wherever he can, he says he is confident he can maneuver his four-year-old company into position so that it will sprint ahead when the economy turns.
A sprinter himself, Thorpe, a native of Barbados, attended the University of West Virginia (Class of 1989) on a track scholarship. His event was the 400 yard dash and his best time was 47.3 seconds. Long hours spent building his business have slowed his time, and he has just joined a gym.
A resident of Hamilton who is looking for more elbow room, he is house hunting in Columbus or Florence, Thorpe says a key to weathering any economic climate is to diversify. The bulk of Catalyst’s business is placement, both temporary and permanent, but the company offers a host of other services. "We do anything," Thorpe says. "I earned a certificate in resume writing. We do training for companies and for individuals. Anything related to human resources, we do it."
Archer & Greiner PC, 700 Alexander Park, Suite 102, CN 5349, Princeton 08540. Neal Schonhaut, managing attorney. 609-520-3700; fax, 609-580-0051. Home page: www.archerlaw.com
Archer & Greiner, a 120-person law firm, has relocated its Princeton office to 700 Alexander Park. There are now 14 attorneys in that office. Neal L. Schonhaut has been named the office’s managing attorney. The firm’s main office is in Haddonfield. Other offices are in Flemington and in Philadelphia.
On Target Staffing, 201 Mott Street, Trenton 08611. Roy James, owner. 609-656-4280; fax, 609-656-4283.
When Guy James closed Impact Personnel, his brother Roy started On Target Staffing, which moved from Alexander Road to Trenton.
Bergman Real Estate Group, 555 Route 1 South, Second Floor, Iselin 08830. Michael Bergman. 732-855-8600; fax, 732-855-0088. Home page: www.bergmanrealty.com
The real estate group moved from 622 Georges Road in North Brunswick to Iselin and has a new phone and fax, also a new website.
Bio-Imaging Technologies Inc. (BITIC), 826 Newtown Yardley Road, Newtown 18940. Mark L. Weinstein, interim CEO. 267-757-1360; fax, 267-757-1361. Www.bioimaging.com
The medical imaging company moved from Bear Tavern Road to Newtown. It does computer-assisted medical image-processing technology to accelerate development and regulatory approval of drugs and medical devices (U.S. 1, October 26, 1994).
Columbian Chemicals, 7 Centre Drive, Suite 2, Jamesburg 08831-0505. John Brown, regional sales manager. 609-395-8181; fax, 609-395-8196.
Columbian Chemicals, a subsidiary of Phelps Dodge with headquarters in Marietta, Georgia, has closed its Jamesburg office. The office employed five sales representatives.
Pacific Hardware Inc., 331 Freeport Boulevard, Sparks 89431. Margaret Turner, owner. 775-356-6720; fax, 775-356-6725.
In December Margaret Turner moved her seven-person sales and warehouse business from Windsor Industrial Park to Arizona. The daughter of Taiwan factory owners, she graduated from Queens College in 1978. Sourcing factories for stainless steel and cold rolled steel in Patterson and Philadelphia, her company designs and distributes high-end designer fixtures.
Bea Coleman Buxton, 71, on February 17. She had been an executive secretary at Opinion Research.
Louis H. Draper, 66, on February 18. A photographer, he was a professor at Mercer County Community College.