embecta opens new global headquarters in Parsippany, N.J.

Rhea-AI Summary

Embecta Corp. (Nasdaq: EMBC) recently celebrated the grand opening of its new global headquarters in Parsippany, New Jersey, a significant step for the diabetes care company following its spinoff from Becton, Dickinson and Company in April 2022. The 55,600-square-foot office will house the leadership team, global support functions, and North American commercial operations, supporting approximately 2,000 employees worldwide. CEO Devdatt Kurdikar highlighted the strategic advantages of the location, including access to a skilled workforce and transportation. New Jersey Governor Phil Murphy praised Embecta's commitment to expanding the state's public health infrastructure.

Positive

• New headquarters supports strategic growth and operational efficiency.
• Location provides access to a skilled workforce and transport links.
• Commitment to the local economy enhances corporate reputation.

Negative

• None.

PARSIPPANY, N.J., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Embecta Corp. (“embecta”) (Nasdaq: EMBC), one of the largest pure-play diabetes care companies in the world following its April 1, 2022, spinoff from Becton, Dickinson and Company (“BD”), today held a grand opening ceremony at its new global headquarters office at 300 Kimball Drive, Suite 300, in Parsippany, N.J. The site will be home to members of the leadership team, global support functions and the North America commercial organization. embecta has approximately 2,000 employees worldwide.

“With a number of our employees currently making their homes in New Jersey, the ability to tap into one of the nation’s most significant concentrations of highly-educated, experienced medical technology talent, and easy access to international airports and interstate highways, we see Parsippany as the ideal location to establish our worldwide headquarters,” said Devdatt (Dev) Kurdikar, president and chief executive officer, embecta. “We are a new company, but our roots in New Jersey go back nearly 100 years when, as part of BD, we developed the first dedicated insulin syringe in 1924. We’re looking forward to advancing that legacy as we continue to develop and provide solutions that make life better for people living with diabetes.”

The 55,600-square-foot office suite is designed to give employees the tools and flexibility they need to collaborate both in-person and on a global scale as they work with geographically dispersed teams to meet the needs of customers in over 100 countries. In addition to ample open workspace, the suite features numerous spaces for collaboration with the latest video conferencing technology, huddle rooms, and reservable private spaces, as well as a showroom for product demonstrations and on-site customer meetings. CBRE, the world’s largest commercial real estate services and investment firm, has been embecta’s partner in choosing, designing and building out the office.

“We’re pleased that embecta has chosen to make a long-term commitment to New Jersey, adding to the roster of life sciences and medical technology companies that make the core of the Garden State’s innovation economy,” said Governor Phil Murphy. “Diabetes is one of the world’s most pressing health care issues, with an enormous cost burden and a societal impact that extends to friends, loved ones and caregivers. embecta’s vision of a life unlimited by diabetes is closely aligned with our own efforts to invest in, and expand, the state’s public health infrastructure.”

About embecta
embecta is one of the largest pure-play diabetes care companies in the world, leveraging its nearly 100-year legacy in insulin delivery to empower people with diabetes to live their best life through innovative solutions, partnerships and the passion of approximately 2,000 employees around the globe. For more information, visit embecta.com, the content of which is not a part of this press release.

CONTACTS 

Investors:
Pravesh Khandelwal
VP, Head of Investor Relations
551-264-6547
Contact IR

Media:
Christian Glazar
Sr. Director, Corporate Communications 
908-821-6922 
Contact Media Relations

FAQ

What is Embecta's new headquarters location?

Embecta's new global headquarters is located in Parsippany, New Jersey.

When did Embecta open its new headquarters?

Embecta held the grand opening ceremony for its new headquarters on January 25, 2023.

What is the stock symbol for Embecta?

The stock symbol for Embecta is EMBC.

How many employees does Embecta have?

Embecta has approximately 2,000 employees worldwide.

What is the focus of Embecta Corp.?

Embecta is focused on diabetes care and solutions.