WHITEHOUSE STATION, N.J. (AP) — The drugmaker Merck & Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties.
The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.
The headquarters have been in Whitehouse Station since 1992 and were in Rahway, N.J. before that. The building housing its headquarters in Whitehouse Station will close.
Merck said the Summit property was chosen because it has extra work space available, houses multiple operations and is closer to major transportation hubs and urban centers.
The Whitehouse Station property houses about 2,000 employees and contract workers. They will either move to Summit or to other facilities in Branchburg, N.J. and Cokesbury, N.J.
The Summit location is currently home to 1,800 employees, housing research, manufacturing, animal health and consumer care operations.
"The relocation of our headquarters will help us achieve our future vision, reduce the size of our operating footprint, and increase agility as we adapt to our changing business environment," Merck chairman and CEO Kenneth C. Frazier said in a statement.