Investors Bancorp, the parent company of Investors Bank, has wrapped up its previously announced stock cum cash acquisition worth $63.6 million of New York-based Gold Coast Bancorp, the parent company of Gold Coast Bank. Announced in July 2019 the acquisition was taken up by the New Jersey-based Investors Bancorp to expand its Long Island franchise. […]
Provident Financial Services, the parent company of Provident Bank, has signed an all-stock deal worth around $208.9 million with SB One Bancorp, the parent company of SB One Bank. The combined banking organization will have nearly $12 billion in assets and is expected to become the third-largest bank based in New Jersey. The merger is […]
New Jersey-based insurance agency World Insurance Associates (WIA) has acquired Virginia Insurance Partners, based in Virginia, for an undisclosed price, as per the latest insurance acquisition news. Virginia Insurance Partners (VIP) is an independent insurance agency that caters to its clients with personal, commercial, farm, life, and benefits policies across Virginia. The insurance agency is […]
Nationwide Generali joint venture : US insurance group Nationwide Mutual Insurance Company is set to create a joint venture (JV) called N2G Worldwide Insurance Services with Italian insurance giant Assicurazioni Generali with an objective to offer multinational commercial insurance solutions. Generali will take part in the insurance joint venture through its property and casualty insurance […]
B&G Foods, a New Jersey-based frozen foods manufacturer, has acquired french fries manufacturer Farmwise for an undisclosed price. Farmwise, which is based in Wellesley, Massachusetts, is the owner of the Veggie Fries, Veggie Tots, and Veggie Rings brands. Its french fries brands, which are vegan, Non-GMO Project verified and free of the top eight allergens […]
Vascepa FDA approval : New Jersey-based Amarin has secured approval from the US Food and Drug Administration (FDA) for a new indication and label expansion for Vascepa (icosapent ethyl) capsules. The FDA has now approved Vascepa as an adjunctive (secondary) therapy to cut down the risk of cardiovascular events in adults having elevated triglyceride levels, […]
Tru Kids Brands, the new parent company of Toys”R”Us, has announced the comeback of the toy store chain in the US through the opening of its first new retail store in the country at Paramus, New Jersey. Toys”R”Us had filed for bankruptcy in September 2017 in the US and in the UK its operations entered […]
Novartis acquisition of The Medicines Company : Swiss drugmaker Novartis signed a deal worth $9.7 billion to acquire US biopharma company The Medicines Company, as per the latest pharma acquisition news. As per the terms of the all-cash deal, Novartis will acquire The Medicines Company for $85.00 per share. The Medicines Company, which is headquartered […]
National Realty Investment Advisors (NRIA) has started construction on the $49 million The Station, a luxury high-rise project in West New York, New Jersey’s business district, as per the latest construction industry news. The mixed-use project, which will open to residents in 2021, is located at 4901 Bergenline Avenue. The luxury apartment building will feature […]
Givaudan acquisition of Ungerer : Givaudan has agreed to acquire Ungerer & Company, a US-based flavour, fragrance, and specialty ingredients company, for an undisclosed price. Ungerer, which is headquartered in New Jersey is in the flavor and fragrance specialty ingredients business, in particular, in essential oils. The company, which was established more than 125 years […]