Teleflex Subsidiary To Relocate Facility To Morrisville, North Carolina
Area Development Online Research Desk (11/07/2013)
A subsidiary of Teleflex Incorporated will be relocating its existing operations in the Research Triangle Park area to a new facility to be constructed in Morrisville, North Carolina, with plans to create 75 jobs during the next three years. Construction of the new facility and Teleflex’s lease commitment are expected to generate investment of more than $20 million over the next several years.
“Our business has flourished in North Carolina since the early 90’s, thanks to the talent and dedication of our people,” said Benson Smith, Chairman, President and CEO of Teleflex. “Our company is growing, and this new facility will provide our employees with a world-class environment for collaboration, innovation and career growth.”
Teleflex is a global provider of medical technology products that enhance clinical benefits, improve patient and provider safety and reduce total procedural costs. They design, develop, manufacture and supply single-use medical devices used by hospitals and health care providers in more than 140 countries. The company employs 442 people in the RTP area.
“Companies like Teleflex know that they have a strategic partner in North Carolina,” said Gov. Pat McCrory. “This development is welcome news to the talented, hardworking and educated workforce in the region, and we are proud to continue our partnership with this great company.”
“The state of North Carolina and Teleflex both know that when business and metro regions flourish, our entire economy will succeed in the global marketplace,” North Carolina Commerce Secretary Sharon Decker said. “Teleflex has been and will continue to be a valued, strategic partner in our community for years to come.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $200,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Wake County Economic Development, Morrisville Chamber of Commerce, Wake County and the Town of Morrisville.