October 6, 2016

Henkel bringing Arizona operations to CT

Arizona-based Henkel Consumer Goods Inc. is relocating to Stamford, where it will combine operations with newly acquired Sun Products Corp., the company has announced.

The relocation moves HCG closer to the Henkel Corp.'s North American headquarters in Rocky Hill, the company said. Headquarters will remain in place in Rocky Hill, said Delker Vardilos, a company spokeswoman.The exact location for the move, which is expected to occur in 2017's second quarter, has not yet been determined, Vardilos said.

Operating globally from a base in Germany, the company's brands and technologies cover the business areas of laundry and home care, beauty care and adhesive technologies.

The Arizona division is expected to bring with it potential expansion of up to 266 new jobs in Connecticut, according to Gov. Dannel P. Malloy.

"We'd like as many employees to relocate with us as possible," said Natalie Violi, the director of corporate communications, confirming that number.

As part of the relocation, the company will be the latest to participate in the state's First Five Plus program, which is operated under the Connecticut Department of Economic and Community Development (DECD). The department will provide a ten-year, $20 million low-interest loan to support the project, the state and Violi said.

The company may also be eligible for up to $5 million in tax credits through the Urban and Industrial Sites Reinvestment Tax Credit program, which allows for a dollar-to-dollar corporate tax credit of up to 100 percent of capital investment on eligible projects. DECD's financial assistance will be used for renovations and leasehold improvements, and fixtures and equipment, as well as other project-related costs.

"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."

Malloy said in a statement that the decision to expand in Connecticut "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."

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