Eric Strauss
ROI-NJ
New Jersey, United States
Contact Eric
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Past articles by Eric:
We’re No. 1: Deal makes MJH into nation’s largest medical media firm
MJH Associates Inc., a Cranbury-based health care communications company, announced Thursday that it has acquired media assets from UBM Life Sciences Group, which it said makes it the largest privately-held medical media company in the nation. MJH said the deal gives it seven new offices, six in the U.S. and one in the U.K., and … → Read More
Turnpike, Parkway rest areas to see $250M in improvements as part of new deal with vendors
Commuters on the New Jersey Turnpike and Garden State Parkway will be able to rest a little easier, according to an announcement Wednesday from Gov. Chris Christie. → Read More
J&J Snack Foods buys Illinois bakery business
J&J Snack Foods Corp., the Pennsauken-based maker of food and beverage products, has acquired an Illinois-based premium bread and pretzel bakery, it announced Thursday. J&J Snack Foods, which makes Superpretzel, Icee and Whole Fruit products, among others, said in a news release it has purchased Labriola Baking Co., based in the Chicago suburb of Alsip, Illinois. “The Labriola Baking Co.… → Read More
Four N.J. companies rise to Top 100 on the Inc. 5000 list
Inc. is out with its annual Inc. 5000 list of America’s fastest-growing companies, and more than 140 from New Jersey made the 2017 list, including four in the Top 100 overall. The companies were ranked by their percentage growth in revenue over three years. Interestingly, the four from the Garden State that cracked the Top 2 percent were divided evenly among the beverage industry and the solar… → Read More
Latest Trump remarks prompt Campbell's Morrison, J&J's Gorsky to reverse course, quit CEO panel
Just two days after saying she would remain a part of President Donald Trump’s manufacturing council, Campbell Soup Co. CEO and President Denise Morrison announced Wednesday that she will quit the panel after all. Johnson & Johnson Chairman and CEO Alex Gorsky also changed his mind and dropped out. Trump has been under fire for remarks he has made in the wake of clashes between white… → Read More
Citrin Cooperman adds hedge fund services specialist in N.J. as part of expansion of practice
Citrin Cooperman, the accounting and professional services firm, has expanded its financial services practice, including the addition of an audit partner in New Jersey. The New York-based firm, which has a large presence in the Garden State, said Alexander Reyes would be the leader of the practice, while Guy Miller would be an audit partner based in the Livingston office. “I’m looking forward to… → Read More
Merck's Frazier quits Trump council in wake of white supremacist march; president tweets complaint
Kenneth C. Frazier, chairman and CEO of Merck & Co., is quitting President Donald Trump’s American Manufacturing Council after the president delayed denouncing a white supremacist march in Virginia that led to the deaths of a counterprotester and two state troopers over the weekend. Trump, who first said Saturday, “We condemn in the strongest possible terms this egregious display of hatred,… → Read More
Wyndham splitting into hotel, timeshare companies; hotel business staying in Parsippany
The Parsippany-based hospitality company Wyndham Worldwide is splitting itself into two publicly traded businesses, spinning off its hotel unit into a new pure-play firm, it announced. Wyndham Hotel Group, the new company, will remain headquartered in Parsippany, while Wyndham Vacation Ownership, the timeshare company, will be headquartered in Orlando, Florida, the company said. The new Wyndham… → Read More
Lourdes Health System CEO and president retires
South Jersey’s Lourdes Health System announced Wednesday that CEO and President Alexander Hatala has retired after 31 years with the system. The Camden-based system’s board and owner Trinity Health named Dr. Reginald Blaber as president, effective Wednesday. The system has not named a new CEO. “Alex’s leadership and decades-long commitment to our mission and core values have contributed to the… → Read More
Investors Bank names new chief credit officer
Short Hills-based Investors Bank has named a former OceanFirst Bank executive as its new chief credit officer, it announced recently. Margaret Lanning also will serve as a senior vice president, overseeing the monitoring of risk trends in the bank’s loan portfolio, as well as developing policies and procedures for safe credit underwriting, operations and administration. In her new role, she will… → Read More
Degnan, Foye replaced at Port Authority; O'Toole is new chairman and Cotton is new exec. director
Port Authority of New York and New Jersey Chairman John Degnan and Executive Director Pat Foye are losing their jobs, Gov. Chris Christie and New York Gov. Andrew Cuomo announced Tuesday, giving way to former New Jersey Sen. Kevin O’Toole and Cuomo staffer Rick Cotton, respectively. O’Toole, the new chairman of the board of commissioners, and Cotton, now executive director, will take over the… → Read More
Innophos paying $125M for fellow N.J. ingredients company
Cranbury-based Innophos Holdings Inc. is acquiring a New Jersey ingredient solutions company for $125 million in cash, it announced Tuesday. Innophos, which provides specialty ingredient solutions to the food, health and industrial markets, said it has entered a definitive merger agreement to buy Novel Ingredients, based in East Hanover, from New York-based private equity firm GenNx360 Capital… → Read More
Parsippany software firm sells utility services unit
An Ohio-based resource management solutions company has acquired a Parsippany-based information technology firm's utility services division, it announced Tuesday. → Read More
Update: N.J. business named finalist for U.S. Chamber of Commerce honor
(Editor's note: This report was updated at 2:50 p.m. with comments from TerraCycle Inc.) TerraCycle Inc., the Trenton-based recycler of nontraditional waste products, has been named a finalist in the U.S. Chamber of Commerce’s “Dream Big Small Business of the Year Award” competition, the chamber announced recently. TerraCycle is one of 17 finalists chosen from around the country, recognized for… → Read More
Prudential reorganizes U.S. businesses into three-unit structure
Prudential Financial Inc. is creating a new organizational and leadership structure for its U.S. businesses, aiming to extend customer reach and facilitate paths to new markets, it announced Thursday. The Newark-based financial giant said it is restructuring its five U.S. businesses into three groups, effective in the fourth quarter. It said the new structure will better reflect a strategic… → Read More
N.J. adds 10,000-plus jobs in June as unemployment holds steady
New Jersey gained more than 10,000 jobs in June, according to preliminary estimates, helping the state bounce back from losses in May, it announced Thursday. → Read More
Telecom infrastructure firm Squan makes a purchase
Englewood-based telecommunications infrastructure services company Squan has acquired a New York-based fiber construction services firm, it announced Tuesday. Financial terms of the deal for Fishkill-based Communications Specialists Inc. were not disclosed. Squan said in a news release that the deal would give it broader reach and a wider services base to support existing clients and add new… → Read More
Church & Dwight buying Waterpik for $1B
Ewing-based personal care products company Church & Dwight Co. Inc. is paying $1 billion for water-jet technology firm Waterpik Inc., it announced Monday. Church & Dwight said in a news release that Waterpik is the leading national brand of both water flossers and replacement showerheads. The cash deal is expected to close in the third quarter, subject to customary approvals and… → Read More
Christie names his third chief counsel of the year
James DiGiulio, a lawyer who left Gov. Chris Christie's administration earlier this year, is returning as chief counsel, the Office of the Governor announced Thursday. → Read More
TCNJ President Gitenstein to retire in 2018
R. Barbara Gitenstein, the president of The College of New Jersey, is retiring at the conclusion of the 2017-18 academic year, the Ewing school announced late Tuesday. When she retires in June 2018, Gitenstein, the first woman to serve as president of TCNJ, will have served in the office for nearly 20 years, the third-longest tenure in school history. “With deep respect and admiration, the board… → Read More