Newell Brands to Move Headquarters to New Jersey

ATLANTA (The Atlanta Journal-Constitution/TNS) -
(AP Photo/Mark Lennihan)
(AP Photo/Mark Lennihan)

Newell Brands, the Fortune 500, consumer-product company behind Sharpie pens and Rubbermaid products, said Friday it will move its headquarters from suburban Atlanta to New Jersey.

But the company said most of the 1,000 Newell employees in metro Atlanta will remain where they are, with only a “handful” from the area making the move.

The widely dispersed company has about 60,000 employees. About 250 to 300 executives and support staff will be going to the new New Jersey headquarters, the company said.

The move comes after Newell, formerly known as Newell Rubbermaid, recently completed a blockbuster merger with Jarden Corp.

“Our new headquarters will serve as an important business hub for our executive team, certain corporate functions and the company’s Transformation Office,” Newell Brands Chief Executive Officer Michael Polk said in a news release.

“It will also enable us to continue expanding our global e-Commerce and Design teams. Having an additional facility for these key functions enables us to drive future growth and innovation for our new portfolio of leading brands.”

Newell said it received a $27 million incentive package to establish its new headquarters in Hoboken, outside New York City.