NATION
Berkey Inc., the Greenwich, Conn.-based distributor of photographic equipment, announced that two Los Angeles investors who have amassed a 12.5% stake in the company have gained representation on its board.
The election of Paul Bluhdorn and Jonathan T. Taplin increases the number of Berkey directors to 10. Taplin is a general partner of First Media, an investment banking firm that holds about 6% of Berkey’s stock, while Bluhdorn, an independent movie producer, also owns about 6%.
When the Bluhdorn-First Media investments were first disclosed in October, a spokesman said the investors saw greater potential use of Berkey’s distribution system, with its warehouses in California, Tennessee, Maryland and Michigan.
In a prepared statement, Berkey President Ronald L. Walsworth expressed confidence that Taplin and Bluhdorn “will make positive contributions.”
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