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Pinnacle Foods to Acquire Boulder Brands

PARSIPPANY — Pinnacle Foods and Boulder Brands announced that they have entered into a definitive agreement for the acquisition of Boulder Brands by Pinnacle Foods, in a strategic, synergy-rich transaction that expands Pinnacle’s presence in growing and complementary health and wellness categories.  The transaction also expands Pinnacle’s presence in the natural and organic retail channel and provides Pinnacle with a new growth platform in refrigerated foods.

Under the terms of the agreement, Pinnacle Foods intends to launch a tender offer to acquire all of the outstanding shares of Boulder Brands for $11.00 per share, in a transaction valued at approximately $975 million, including approximately $265 million of net debt.  The transaction is subject to customary closing conditions and is expected to be completed in the first quarter of 2016.  Pinnacle expects the transaction to be accretive to EPS beginning in 2016.

Boulder Brands, headquartered in Boulder, Colorado, manufactures a portfolio of health and wellness brands, including Udi’s® and Glutino® gluten-free products, EVOL natural frozen meal offerings, and Smart Balance® and Earth Balance® refrigerated and shelf-stable spreads businesses.  The Boulder Brands portfolio is sold in both traditional and natural and organic channels in the U.S., with a consumer base that skews younger than that of Pinnacle’s current portfolio average.  Annual net sales of Boulder Brands totaled over$500 million in 2014.

Commenting on the announcement, Pinnacle Foods Chief Executive Officer Bob Gamgort stated, “The acquisition of Boulder Brands further expands our health and wellness portfolio, currently anchored by the Birds Eye® and gardein brands.   In addition to being a synergy-rich, accretive transaction with on-trend brands, the acquisition provides us with an important health and wellness talent pool in Boulder, Colorado.  In this regard, we plan to retain Boulder’s existing headquarters location.”

Dean Hollis, Chairman of Boulder Brands, said, “After a thorough review of strategic alternatives to enhance shareholder value, we are pleased to provide our shareholders with immediate and substantial cash value.  In addition to shareholder value, this combination provides significant benefits for all stakeholders.  Boulder Brands’ purpose has been to ‘lead change and improve lives’ and today marks an important milestone in that journey.  Together with Pinnacle Foods, Boulder Brands will have additional and stronger resources to drive our brands and deliver value to customers and consumers, while providing new opportunities for employees. We expect a seamless transition and look forward to accelerating our growth across an impressive collection of health and wellness brands as part of Pinnacle Foods.”

The transaction will be funded with cash on hand and new debt.  Pinnacle anticipates that, over the next two years, it will increase Boulder Brands’ 2015 consensus Adjusted EBITDA of $62 million by approximately 50%, through a combination of synergies and previously identified cost savings, partially offset by the impact of portfolio optimization that Pinnacle plans to undertake.  The anticipated 2017 pro-forma Adjusted EBITDA, combined with the net present value of tax benefits totaling $47 million, implies a purchase price multiple of 10x and Adjusted cash EPS accretion of approximately 8%.

Pinnacle plans to provide 2016 guidance, inclusive of Boulder Brands, during the Company’s 2015 year-end earnings conference call in February 2016.

Perella Weinberg Partners LP is serving as financial advisor to Pinnacle Foods in connection with this transaction, and Cravath, Swaine & Moore LLP is serving as legal advisor.  Bank of America Merrill Lynch has provided committed financing in connection with the transaction.

William Blair & Company LLC is serving as financial advisor to Boulder Brands, and Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor.

Montville School of Rock Raises Over $1,600 for Emma

MONTVILLE — More than two dozen student musicians and two alumni gathered for a concert-fundraiser to help the Wyman family, whose one year old daughter Emma is undergoing treatment for cancer at Children’s Hospital of Philadelphia, on Monday, November 23 at Montville Township High School.

More than 100 people attended the concert, which featured pop, heavy metal, punk, rap, jazz, and classic rock-n-roll and raised $1,644 for Emma.

“Emma Marie Wyman is a happy, beautiful (one-year-old) baby girl undergoing at least one year’s worth of treatment at the Children’s Hospital of Philadelphia for a rare type of sarcoma. Her parents, AJ & Lindsey (Kmit) Wyman, who are lifelong residents of Parsippany, learned of Emma’s tumor in late May and have taken her to Philadelphia to be treated by internationally-recognized pediatric oncologists. As they await more in-depth results regarding the type of sarcoma Emma has and begin chemotherapy, AJ has begun to take time off from his job as a corrections officer, while Lindsey is on her unpaid summer break from teaching sixth grade social studies at Brooklawn Middle School. During this life-altering time, AJ and Lindsey will incur costs from medical to travel expenses, while keeping up with their regular monthly bills for their cars, home, etc.

Please know that even the smallest donation will go a long way to aid baby Emma and her loving parents during this incredibly difficult time. Thank you for your love, support, and above all, your prayers.

You can donate directly through GoFundMe, by clicking here.

Sheriff’s Department holds Beefsteak for Emma

PARSIPPANY — The Wyman family was joined by several hundred attendees at a sold-out beefsteak dinner fundraiser for Emma, which featured a performance from comedian Artie Lange. The event was hosted by The Morris County Sheriff‘s PBA Local 298 at the Parsippany PAL Building, on Saturday, November 20.

Emma Wyman’s father is a corrections officer at the Morris County Jail, and her mother is a sixth grade social studies teacher at Brooklawn Middle School.

“Emma Marie Wyman is a happy, beautiful (one-year-old) baby girl undergoing at least one year’s worth of treatment at the Children’s Hospital of Philadelphia for a rare type of sarcoma. Her parents, AJ & Lindsey (Kmit) Wyman, who are lifelong residents of Parsippany, learned of Emma’s tumor in late May and have taken her to Philadelphia to be treated by internationally-recognized pediatric oncologists. As they await more in-depth results regarding the type of sarcoma Emma has and begin chemotherapy, AJ has begun to take time off from his job, while Lindsey is on her unpaid summer break from teaching sixth grade social studies at Brooklawn Middle School. During this life-altering time, AJ and Lindsey will incur costs from medical to travel expenses, while keeping up with their regular monthly bills for their cars, home, etc.

Please know that even the smallest donation will go a long way to aid baby Emma and her loving parents during this incredibly difficult time. Thank you for your love, support, and above all, your prayers.”

You can donate directly through GoFundMe, by clicking here.

 

PHS Marching Band champions honored with motorcade

The Secret Opera Presents A Christmas Carol in Victorian Mount Tabor

AChristmasCarol_2015_CalendarImg1PARSIPPANY — The Secret Opera will present a fresh take on one of the most beloved Christmas stories of all time, Charles Dickens’ A Christmas Carol, at the Tabernacle in Mount Tabor, December 12, 7:00 p.m. sponsored by the Mount Tabor Historical Society.Tickets are available by clicking here or at the door.  Adults $20.00;  Seniors, Children 12 and under $15.00.

This family-friendly holiday favorite comes to life in an all-new interdisciplinary work, utilizing classic text, period vocal music, and improvised string ensemble, adding a modern twist that makes each individual performance unique. It is appropriate that A Christmas Carol will be presented in a structurally magnificent wooden auditorium built in 1885, located in Mount Tabor, a camp meeting community that originated in the late Victorian era. 

Charles Dickens is credited with the great revival of Christmas traditions, which have continued in one form or another up to the present day. This work is not only an uplifting moral tale, but also one of great historical importance due to the author’s witty and detailed description of a Victorian Christmas.  Adapted and created by Marcus Crawford Guy, this timeless tale is narrated and directed by Annie Rutherford Lutz and accompanied by a quartet of some of NYC’s finest young classical singers and a trio of dynamic young instrumentalists.

Audience members of all ages will feel the magic and mystery of Dickens’ beloved story in an intimate holiday setting.

 

Man Shoots Self in Face at Ramada Inn

PARSIPPANY — Parsippany-Troy Hills Police Department received two 911 calls at approximately 10:15 on Thursday, November 26 on a shooting at Ramada Inn, 959 Route 46.

Rockaway Neck Volunteer Ambulance Squad and Paramedics from Atlantic Health Care Center transporting the victim
Rockaway Neck Volunteer Ambulance Squad and Paramedics from St. Clares Health Care Systems transporting the victim

When officers arrived they spoke with the victim, who was not identified by police, who said he was cleaning his firearm and accidentally shot himself in the face, according to Patrolman Brian Conover.

Officers gave medical aid to the victim and he was subsequently transported to Morristown Medical Center by the Rockaway Neck Volunteer Ambulance Squad and Paramedics from St. Clares Health Care Systems.  Moments after the ambulance left the property, Parsippany Police joined up with the ambulances.

No charges have been filed but the investigation is ongoing, Conover said. The victim is in critical condition as of Friday afternoon.

When additional details become available we will update this article.

Parsippany PBA holds “Wing Eating Contest” to raise funds for Emma

PARSIPPANY — The Parsippany-Troy Hills Police PBA Local 131 sponsored a fundraiser for Emma, at Buffalo Wild Wings.

Buffalo Wild Wings donated 15 percent of the total bill (not including tax, gratuity, alcohol sales or promotional discounts) to the organization for Emma.

The contest featured teams of six contestants, each had to finish a dozen mild sauce Buffalo wings in a relay-style race. The teams competing were Parsippany-Troy Hills Police Officers, Parsippany Volunteer Ambulance Car 65, and the Parsippany Volunteer Fire District Six. The Parsippany-Troy Hills Police Department came in first place.

The officers who took home the “Wing-Eating Trophy” were Patrolman Gregory Bloete, Patrolman Matthew McAuliffe, Patrolman Zachary Koch, Patrolman Jesse Hughes and Patrolman Elvin Giordano.

It was estimated about $600 was raised off of $3,000 in sales from individuals who paid using a special fundraising coupon. The Lakeland Hills YMCA donated a one-year family membership valued at $975, which was is expected to add an additional money to the amount funds raised through a silent auction.

“Emma Marie Wyman is a happy, beautiful (one-year-old) baby girl undergoing at least one year’s worth of treatment at the Children’s Hospital of Philadelphia for a rare type of sarcoma. Her parents, AJ & Lindsey (Kmit) Wyman, who are lifelong residents of Parsippany, learned of Emma’s tumor in late May and have taken her to Philadelphia to be treated by internationally-recognized pediatric oncologists. As they await more in-depth results regarding the type of sarcoma Emma has and begin chemotherapy, AJ has begun to take time off from his job as a corrections officer, while Lindsey is on her unpaid summer break from teaching sixth grade social studies at Brooklawn Middle School. During this life-altering time, AJ and Lindsey will incur costs from medical to travel expenses, while keeping up with their regular monthly bills for their cars, home, etc.

Please know that even the smallest donation will go a long way to aid baby Emma and her loving parents during this incredibly difficult time. Thank you for your love, support, and above all, your prayers.”

You can donate directly through GoFundMe, by clicking here.

Moms Club and Valley National bank donates food to Parsippany Food Pantry

PARSIPPANY — Moms Club of Parsippany East Area along with Valley National Bank, 800 Route 46 and 320 New Road held a Food Drive. The moms and the kids collected all of the food. In addition customers and employees from both branches of the bank donated to the food drive.

Parsippany Food Pantry collects over 20,000 pounds food per year. They supply between 30 and 40 Parsippany residents a week, with a bag of assorted food items.The Parsippany Emergency Food Pantry is located at the Parsippany Community Center at 1130 Knoll Road, Lake Hiawatha and is open Monday through Friday from 9:00 a.m. to  5:00 p.m. Donations of non- perishable food items are always needed. Any resident in need of supplemental food are invited to call ahead (973) 263-7163 or (973) 263-7351/52. Ready-made bags of basic food staples such as canned goods, cereal and dried food, are available through donations from individuals, schools, scouts and churches.

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The children with Michele Picone, Acting Director Human Services
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The children giving food to Michele Picone, Acting Director Human Services

Parsippany Teachers Donate to Parsippany Food Pantry

PARSIPPANY — More Parsippany residents will be able to enjoy the Thanksgiving bounty this season thanks to the collective donations of Parsippany teachers to the town’s Emergency Food Pantry.

Parsippany-Troy Hills Mayor James Barberio accepted the $1,214 donation on behalf of the Parsippany Emergency Food Pantry today at the Parsippany Community Center. Also receiving the check was Michelle Picone of the Food Pantry. “We are indeed grateful to the teachers of Parsippany”, Picone said. “Many of our residents will have a plentiful Thanksgiving as a result of the PTHEA’s efforts.”

This marks the third consecutive year that the PTHEA has spearheaded the holiday drive. The 700 plus members of the teachers’ association in all 14 of Parsippany’s public schools have once again been contributing spare coins, bills, change and more in each building since the beginning of the school year. While the majority of the funds came from individual teachers, many secretaries, administrators, custodians and visitors to the school buildings joined the cause as well.

The Parsippany Food Pantry collects and distributes food items for residents in need on an ongoing basis. Donations may be made in person or by calling (973) 263-­‐7163.

Thanksgiving 2015: What’s open, what’s closed

Gobble, gobble. Thursday is Thanksgiving and most services throughout New Jersey will closed on Nov. 26 for the state and federal holiday. Banks will not open. The stock and financial markets are taking the day off. Local, state and federal courts will be closed. Municipal government offices as well as state services will be closed. So…

Tools stolen from Smith Road construction site

PARSIPPANY — Parsippany-Troy Hills Patrol Officer G. Cacioppo responded to a construction site on Smith Road for a report of a theft.

Upon his arrival he spoke to the victim who advised him between the afternoon of Thursday, November 19 and morning Thursday, November 20 unknown individuals(s) stole approximately $6,000.00 worth of construction tools from a locked storage container.

This incident is still under investigation and anyone with information is asked to call the Investigative Division at (973) 263-4313.

Body of Missing Canoeist Located In White Meadow Lake; Identity will not be released

ROCKAWAY TOWNSHIP — Morris County Prosecutor Fredric M. Knapp and Chief Martin McParland of the Rockaway Township Police Department jointly announce the end of the investigation into the search of a missing canoeist in White Meadow Lake, Rockaway Township.

The search began on Sunday, November 22, at approximately 3:00 a.m., when members of the Rockaway Township Police Department were dispatched to White Meadow Lake regarding a capsized canoe, which contained two Rockaway Township residents, ages 26 and 27.

Officer Jason Tozzi from the Rockaway Township Police Department was the first responder to the scene. He used an available canoe and was able to reach the only visible the 26-year old distressed male in the lake, ultimately saving his life.

The rescued male was transported to St. Clare’s Denville Campus Hospital where he was later released.

A recovery operation at the lake was started on Sunday, November 22, for the second adult male. Today’s search continued to utilize sonar equipment monitored by the New Jersey State Police.

The third day of searching ended today, at approximately 9:30 a.m., when the deceased body of the second male was located in the lake.  Dr. Ronald V. Suarez, MD of the Morris County Medical Examiner’s Office, pronounced the deceased male at the scene. The cause and manner of death are pending.

At the request of the family, the identity of the male found today will not be released.

Prosecutor Knapp would like to thank all the assisting agencies which include the Major Crimes Unit of the Morris County Prosecutor’s Office, the Rockaway Township Police Department, the New Jersey State Police the Morris County Sherriff’s Office, Parsippany Rescue and Recovery, Boonton Fire Department, Rockaway Township Fire Department, Jefferson Township Fire Department, St. Clare’s EMS, Morris County OEM, and divers from multiple agencies.

Plymouth Rock Assurance Study Shows Midday Hours are the Busiest for Travel

NEW JERSEY — A study conducted by New Jersey auto insurance group Plymouth Rock Assurance shows 87% of New Jersey residents traveling on Thanksgiving Day will do so between 10:00 a.m. and 5:00 p.m. However, only 9% plan to travel between 6:00 a.m. and 10:00 a.m.

“Thanksgiving is one weekday that drivers should consider being on the roads during typical morning rush hours,” said Gerry Wilson, President and Chief Executive Officer of Plymouth Rock Management Company of New Jersey. “Making small adjustments to travel plans can mean avoiding the heaviest traffic. It’s safer and less stressful to be on the roads with fewer cars.”

Findings from the study include:

• 70% of all New Jersey residents polled plan to travel on Thanksgiving Day. Only 15% plan to travel the day before Thanksgiving, with the rest traveling on another day.

• 50% of all respondents will travel less than 30 miles, while 31% will travel from 30 miles to less than 100 miles, with the rest traveling farther.

• Of New Jersey residents traveling on Thanksgiving Day, 9% will travel between 6:00 a.m. and 10:00 a.m., 45% between 10:00 a.m. and 1:00 p.m., 42% between 1:00 p.m. and 5:00 p.m., with the rest traveling later.

While driving is the most popular form of Thanksgiving travel, the study shows that many drivers are not equipped to handle common car trouble. Nearly half of drivers polled have never changed a flat tire and don’t carry jumper cables.

“Proactive preparation can make it easier to handle common car trouble on your own,” Wilson added. “Taking a few minutes to inspect and prepare your car for travel may save you from being stranded on the side of the road.”

Plymouth Rock wants to help all New Jersey drivers arrive for their Thanksgiving dinner safely and on time. Drivers can visit the Plymouth Rock Blog for instructions on changing a flat tire, jumping a dead battery and driving in a variety of seasonal weather.

Several Parks in Morris County to close for Deer Hunt

MORRIS COUNTY —  The Morris County Park Commission will be conducting a controlled deer hunt in accordance with its White-tailed Deer Management Program which aims to improve forest health in the parks through the management of the deer population. These controlled hunts are specifically used as a population management tool.

The following parks will be CLOSED TO THE PUBLIC all day on the specified dates and will only be open to hunters with special access permits. Bow hunting is scheduled in additional Morris County Parks between now and February but these parks will remain open to the public. 

Lewis Morris County Park’s hunts begin December 2 and will be held on Wednesdays through February 10, in parts of Harding, Mendham, and Morris Townships that the park covers.

Black River County Park in Chester, which includes Cooper Mill, Kay Environmental Center, Bamboo Brook Outdoor Education Center and Willowwood Arboretum, and lands managed for Chester Township, will be closed to the public for the hunt on Thursdays.

Pyramid Mountain Natural Historic Area – covering parts of Kinnelon, Boonton, and Montville Township – will be closed for hunts on Thursdays in December and Fridays in January. The park will also be closed Friday, February 5, and Thursday, February 11, for hunts.

All hunts begin the first week of December and run through February 11, excluding the final two weeks of December for holidays.

Bow hunting is scheduled in additional Morris County Parks between now and February but those parks will remain open to the public.

The Morris County Park currently protects and maintains 18,730 acres at 38 distinct sites. For additional information, including a complete hunting schedule, click here.

St. Andrew’s Lutheran Church donates to Parsippany Food Pantry

PARSIPPANY — St. Andrew Lutheran Church, located at 335 Reynolds Avenue, collected non-perishable food donations during October. The congregation has been donating to the Parsippany Emergency Food Pantry on a monthly basis for many years and during 2015 collected an ‘item of the month’.

January 2015 marked the beginning of St. Andrew’s 50th year of ministry in Parsippany and many congregational members strived to conduct outreach projects with the magic number of 50 as their goal. The church’s liaison to the pantry, Lisa Wedemeyer, obtained a list from the food pantry of their most needed items and we incorporated an each month.

“I am happy to report that each month our congregation far exceeded my expectation of achieving the 50 item goal that was set monthly,” said Kim Stecher, event coordinator. “Even though it was requested that each member bring in only 1 of the specified non-perishable item, our members brought in multiply items for each month.” “As a congregation, it would be safe to say that St. Andrew donated well over 150 pounds of food during the 12 months!”

St. Andrew, a barrier-free and accessible church, is located at 335 Reynolds Avenue. As a congregation we seek to do God’s work with our hands. For more information and directions please click here  or call (973) 887-6713.

Passenger in vehicle arrested for possession of Marijuana

PARSIPPANY — Patrol Officer E. Elston observed a 2006 Infiniti G35 conduct an improper U-turn on Route 46 West at Schoolhouse Road at 1:22 a.m. on Sunday, November 15.

Patrol Officer E. Elston conducted a motor vehicle stop on the vehicle at Baldwin Road and Route 46. He spoke to the driver, Benjamin Dang, 32, Parsippany and his passenger Abraham Pensado, 32, West Orange.

After a brief investigation Mr. Pensado was placed under arrest for possession of Marijuana. Mr. Pensado was transported to Police Headquarters were he was issued a summons for Possession of 50 grams or less of Marijuana. He was released on his own recognizance pending his court appearance. Mr. Dang was issued a summons for making an improper U-turn and released at the scene.

Editors Note: Criminal complaints are merely accusations.  Despite these accusations, the defendants are presumed innocent unless and until he or she has been proven guilty beyond a reasonable doubt in a court of law.

Korla King collects donations for Parsippany Food Pantry

PARSIPPANY — After talking with Parsippany-Troy Hills Mayor James Barberio about the Parsippany Food Pantry Korla King, a sophomore at Parsippany Hills High School got an understanding of just how bare the shelves were and how many families in our town that were in need.

Korla decided to try and help. She posted on Face Book and sent emails and texts to family and friends that she was holding a food drive.

For weeks she would post various events she would be attending and asked for donations. After collecting for three weeks Korla was able to donate well over 10 Large boxes filled with food to benefit to Parsippany Food Pantry.

For more information on the Parsippany Food Pantry, call (973) 263-7163.

Parsippany Food Pantry is located at 1130 Knoll Road, and is open Monday through Friday from 9:00 a.m. to 5:00 p.m. Donations of non-perishable food items are always needed. Any resident in need of supplemental food are invited to call ahead (973) 263-7163. Ready-made bags of basic food staples such as canned goods, cereal and dried food, are available through donations from individuals, schools, scouts and churches.

Driver possession of CDS and Driving while intoxicated

PARSIPPANY — Parsippany Police Headquarters was advised that a person was slumped over inside a White Lexus in a lane of travel in the area of New Road and South Edwards Road at 6:29 p.m. on November 13.

Prior to the arrival of responding officers, Police Headquarters was advised that the vehicle was now traveling on South Edwards Road. Patrol Officer M. Sprung located the vehicle in the parking lot of Rutgers Village Apartments and conducted a traffic stop. Upon making contact with William Scheeler, 46, Livingston, a brief investigation was conducted.

Mr. Scheeler was placed under arrest for Possession of a Prescription Legend Drug (1 suspected pill of Oxycodone Hydrochloride and 1 suspected pill of Alprazolam), Driving While Intoxicated, Reckless Driving, Possession of an Open Container of an Alcoholic Beverage in a Motor Vehicle, Failure to Provide Documents, and Possession of CDS in a Motor Vehicle.

Mr. Scheeler was transported to Parsippany-Troy Hills Police Headquarters were he was processed and released on his own recognizance into the custody of a friend pending his court date.

Editors Note: Criminal complaints are merely accusations.  Despite these accusations, the defendants are presumed innocent unless and until he or she has been proven guilty beyond a reasonable doubt in a court of law.

Driver with fog lights arrested for active warrants

PARSIPPANY — Patrol Officer A. Ohlsen observed a red 2006 Volkswagen traveling on Route 10 East near Powder Mill Plaza with only the fog lights illuminated on Sunday, November 22 at 12:29 a.m.

Patrol Officer A. Ohlsen conducted a motor vehicle stop on the Volkswagen and made contact  with the driver, Carl David Peon Diaz Jr., 26, Scotch Plains.

After a brief investigation Mr. Diaz Jr. was placed under arrest for an active warrant from Winfield Municipal Court with a $750.00 bail and an active warrant from Scotch Plains Municipal Court with a bail of $2000.00.

He was transported to Parsippany-Troy Hills Police Headquarters where he posted  bail and was released pending his court appearance for the warrants.

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