Newell Brands is on the move. The company will move its global headquarters from Atlanta to Hoboken, NJ.
The announcement follows the recent combination of Newell Rubbermaid and Jarden Corporation, forming a new $16 billion consumer goods powerhouse.
“Our new headquarters will serve as an important business hub for our executive team, certain corporate functions and the company’s transformation office,” said Michael Polk, the company’s CEO. “It will also enable us to continue expanding our global e-commerce and design teams. Having an additional facility for these key functions enables us to drive future growth and innovation for our new portfolio of leading brands.”
According to the company, The New Jersey Economic Development Authority worked closely with Newell Brands to structure $27 million in tax incentives that will help offset the costs associated with the new facility. Newell Brands expects the build out of its new facility to be ready for occupancy in the fall of 2016. The company will continue to maintain its current business hubs in Atlanta, Boca Raton and Norwalk, as well as its design center in Kalamazoo, Michigan.