Smiths Medical, a leading global medical device manufacturer, plans to move its global headquarters from its existing location in Arden Hills to a new facility in Plymouth, Minnesota. The transition process is expected to begin in 2015 and be completed in 2016.
The headquarters relocation is part of the company's strategy to locate its corporate headquarters and non-manufacturing staff in a single location.
“This facility will allow us to consolidate our global headquarters functions and personnel, as part of a broader initiative to improve co-location, collaboration, cost, and productivity,” said Jeff McCaulley, President/CEO, Smiths Medical . “ The new facility will allow us to create a modern and engaging work environment, while the decision to consolidate in the Twin Cities allows us to capitalize on the great talent and business environment in the region."
Smiths Medical’s planned Headquarters move is a strong testament to the Greater MSP region and its med tech industry strengths,” said Michael Langley, CEO, Greater MSP. “The company’s commitment to remain in Minnesota reflects the quality of our talented workforce.”
The company has applied for incentives from both the Minnesota Investment Fund and the Minnesota Job Creation Fund.
“Minnesota is known around the world for its medical technology sector, thanks to the presence of companies like Smiths Medical,” said DEED Commissioner Katie Clark Sieben. “The company’s decision to bring jobs to Minnesota and invest in its operations here is good news for the industry and the state.”