Hooters, an American wing joint, has announced the opening of its newest location in Flemington, New Jersey. Situated at 250 Highway 202, the Flemington restaurant joins the existing four Hooters locations in New Jersey, including Atlantic City, East Brunswick, Princeton, and Somerset. With its sights set on expanding its global footprint, Hooters sees the northeast […]
In a move to increase its hold on the Northeast pizza market, American specialty food distributor Ferraro Foods has acquired GDS Foods Inc., a New Jersey-based importer and distributor of Italian food products, for an undisclosed price. The Sussex, N.J. company, boasting nearly $50 million in annual sales, solidifies Ferraro’s growing network of distribution hubs […]
Lupin announced that its subsidiary Novel Laboratories has received approval from the US Food and Drug Administration (FDA) for its abbreviated new drug application for Diazepam Rectal Gel, 10 mg and 20 mg, Rectal Delivery System. This product is a generic equivalent of Diastat AcuDial Rectal Delivery System, 10 mg and 20 mg, which is […]
Japanese pharma company Astellas Pharma has agreed to acquire Nasdaq-listed Iveric Bio in an all-cash deal worth around $5.9 billion with an aim to create a world-class ophthalmology player, while advancing the former’s primary focus on blindness and regeneration. Based in New Jersey, Iveric Bio is a biopharma company engaged in discovering and developing novel […]
Indian IT company Wipro has opened its Americas headquarters in East Brunswick, New Jersey, which has involved an investment to the tune of multi-million dollars as per New Jersey Governor Phil Murphy. According to Wipro, the recently revamped East Brunswick office is said to reaffirm its constant commitment to customers across the Americas region, which […]
Campbell Soup is planning to invest around $50 million over the next three years, to consolidate its snacks offices in Charlotte, North Carolina, and Norwalk, Connecticut, into its headquarters in Camden, New Jersey. The proposed consolidation is expected to help the US food processing company realize cost savings starting in the financial year 2024 and […]
Mid Penn Bancorp, the parent company of Mid Penn Bank, has agreed to acquire Brunswick Bancorp, a holding company of Brunswick Bank & Trust, in a cash and stock deal valued at around $53.9 million, to expand its footprint into the central New Jersey market. As part of the agreement, half of Brunswick Bancorp’s common […]
Imperial Dade, a New Jersey-based foodservice packaging and janitorial supplies distributor, has acquired Country Clean Paper Supplies for an undisclosed price. Country Clean Paper Supplies, which is based in Ocean Township, New Jersey, is engaged in the distribution of janitorial supplies and foodservice packaging. The company is owned and operated by Frank Pavia. Frank Pavia […]
Danish engineering company Ramboll has been contracted to design turbine foundations for the 1.5GW Atlantic Shores offshore wind project 1 in the US. The offshore wind farm will be located approximately 10-20 miles off the coast of Atlantic City, New Jersey. It is owned by Atlantic Shores Offshore Wind, which is a 50:50 joint venture […]
Global investment firm KKR has agreed to acquire digital engineering company Ness Digital Engineering from The Rohatyn Group (TRG) for an undisclosed price. KKR is funding the acquisition through its Asian Fund IV. Based in Teaneck, New Jersey, and established in 1998, Ness Digital Engineering provides end-to-end digital transformation services, specializing in developing digital software […]