National Patent Development Corp. of East Hanover has signed an agreement to sell its home-improvement-business subsidiary Five Star Products Inc. to The Merit Group Inc., a paint sundries distributor in Spartansburg, S.C., for $33 million.

Accounting Firms Cowan, Gunteski And Woolston, Koerner Merge

Cowan, Gunteski & Co. of Toms River and Woolston, Koerner & Co. of Shrewsbury, both accounting and consulting firms, have merged as of Dec. 1. The new name is Cowan, Gunteski & Co. Woolston’s staff is relocating to Cowan’s Tinton Falls office.

News Briefs

Covance To Open Michigan Lab

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