CHATHAM, NJ – The Garibaldi Group brokerage team of Jeff Garibaldi and Jackie Madden are proud to announce the relocation of specialty chemical company Croda International’s US headquarters.
The UK based firm first established its presence in the US in 1950 and was most recently located in Edison, New Jersey with three manufacturing sites located in Atlas Point, Delaware; Mill Hall, Pennsylvania and Salinas, California.
The decision to relocate their US headquarters was largely based around improving the employee experience. The requirement was to locate a class A building to accommodate their headquarters office as well as their new Innovation Lab. The Innovation Lab is set to include state of the art laboratories that can enable customers to come and collaborate with researchers in developing new products.
After an exhaustive search throughout much of Middlesex, Union, and Monmouth Counties, 777 Scudders Mill Lane in Plainsboro was chosen to be Croda’s US home for the foreseeable future. The firm closed on 70,000 square feet of leased office and lab space at the end of August and is set to move in June 2020.
The building at 777 Scudders Mill Lane was most recently home to Bristol-Myers Squibb. The landlord, Trawler Capital Management, has committed to significant capital improvements to the building, including a brand new auditorium, conference space, fitness center, and covered parking.
With the capital improvements and the building’s storied history in the lab and science space, it was a great fit for Croda’s needs. The rich community of life science businesses in the surrounding area was another important selling point, providing an inspiring ecosystem for Croda and their employees to join.
In many ways, the decision to relocate is a direct result of the robust jobs market that continues to grow in the national economy. As businesses find there are fewer job applicants available to fill open positions, companies are studying their competition and seeing what the labor market is demanding from their daily work experiences.
Life science and innovation companies are feeling the pressure as much if not more than companies in other industries, as the demand for technically skilled workers such as engineers, scientists, and programmers continue to grow at a faster rate than many traditional job roles.