Merck to Move U.S. Chem. Unit to Bay State
The chairman of Germany-based Merck KGaA told the Boston Globe this week that the company plans to move the headquarters of its U.S. chemical business from New Jersey to Billerica, MA, following his firm’s deal to purchase Billerica-based life sciences firm Millipore for $7.2 billion. The Massachusetts-based division will be called EMD Millipore, Merck chairman Karl-Ludwig Kley told the Globe during a visit to the Bay State this week. Millipore (NYSE:MIL), a provider of life sciences research and manufacturing products, employs about a quarter of its global work force, or approximately 1,675 people, in Massachusetts and New Hampshire, the Globe reports.