J&J Sells Division for $4.15B
Johnson & Johnson of New Brunswick announced on Jan. 17 it has sold Ortho-Clinical Diagnostics, its clinical testing division in Raritan, to private equity firm Carlyle Group in Washington, D.C., for about $4.15 billion.
$243M Merger for N.J. Banks
ConnectOne Bancorp in Englewood announced on Jan. 21 it has acquired fellow bank holding company Center Bancorp in Union in a stock deal worth about $243 million. The company will continue to operate as ConnectOne.
Par Pharma Makes Acquisition
Par Pharmaceutical announced on Jan. 21 it has acquired JHP Group Holdings, parent company of JHP Pharmaceuticals, both in Parsippany, from private equity firm Warburg Pincus in New York City. William M. Shields of Ropes & Gray in Boston led a team advising Par, while JHP’s advisers were led by Robert Langdon, Steven Gartner and Thomas Mark of New York’s Willkie Farr & Gallagher.
Fitzgerald & Conta Acquired
Fitzgerald & Conta Pension Services in Bloomfield on Jan. 21 announced it has been acquired by Northeast Professional Planning Group, a regional employee benefits firm in Red Bank.
Acquisition for Sterling Consol.
RG Sales Inc. in West Alexander, Pa., announced on Jan. 14 it has been acquired by Sterling Consolidated Corp. in Neptune. Both are hydraulic seal manufacturers.