Henkel Corporation, which is based in Germany, will relocate its Laundry & Home Care and Beauty Care headquarters from Scottsdale, Arizona to Stamford, Connecticut, according to Gov. Dannel Malloy.
The company plans on a $50 million expansion project that will create up to 266 new jobs in Connecticut, according to the governor’s office.
“This is just another example of the positive business environment found here in the state of Connecticut and is reflective of Henkel’s confidence in Connecticut’s workforce talent,” Stamford Mayor David Martin said in a statement. “The City of Stamford has taken steps over the last few years to create a business climate that attracts companies like Henkel. I look forward to working with them as a corporate citizen for years to come.”
Henkel offers beauty and personal care, laundry and home care, adhesives, sealants and surface treatments for consumer and industrial use.
Earlier this year, the company announced it would acquire Wilton-based The Sun Products Corporation, making Henkel is the number two laundry and home care products company in North America.
“When an international company of Henkel's stature decides to relocate to our state, expand its operations, and create hundreds of new jobs, it sends a message to the rest of the world that Connecticut is serious about working with companies to grow, generate capital investment, and strengthen our economy for the residents of our state,” Malloy said in a statement. “Henkel is a valued member of the business community – we are proud of their decision to relocate and expand in Connecticut and we welcome the company to our state.”
It’s not yet clear where in Stamford the company will move, but relocation is expected to begin in the second quarter of 2017.
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Henkel’s Adhesive Technologies General Industries division will remain in Rocky Hill, the statement from the governor’s office said.
“Henkel and Connecticut have been partners in economic development since 1997, when Henkel acquired Loctite Corporation,” Jens-Martin Schwaerzler, president of Henkel Consumer Goods Inc. North America, said in a statement. “The expansion of our operations and footprint in Connecticut is a testament to this partnership and to the great economic climate, making it attractive to any growing business.”
The company will also participate in the state’s First Five Plus program, in which the Connecticut Department of Economic and Community Development provides a 10-year, $20 million low-interest loan to support the project.
The company might also be eligible for up to $5 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit program.
