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Local employer says Chapter 11 sale could preserve 40 jobs; seeks space in Old Bridge
Summary
Bob Pallet told the council the company Blonder Tongue Laboratories filed Chapter 11 in November and is being sold to a bidder that would revive operations; he said about 40 employees work locally and the company is looking for new space in Old Bridge to remain in town.
During public comment, Bob Pallet identified himself as a long‑time employee and former CEO connected to Blonder Tongue Laboratories and provided an update on the company’s Chapter 11 process. He said the company filed for Chapter 11 in November and that a stalking‑horse bidder has won the purchase of assets, positioning the business for a potential revival.
Pallet said Blonder Tongue currently employs about 40 people in Old Bridge and that the company is searching for new premises in the township to remain local, noting rent at their existing facility contributed to financial strain. He asked municipal officials and staff to let him know if there are available spaces in the community that could accommodate 25,000–35,000 square feet.
Township staff offered to speak with Pallet after the meeting to explore possible options; no formal council action or incentives were announced at the meeting.
