WHITEHOUSE STATION, N.J. (AP) — The drugmaker Merck & Co. is moving its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties.
The company's headquarters are moving from Whitehouse Station, N.J., to an existing property in Summit, N.J.
The headquarters have been in Whitehouse Station since 1992 and were in Rahway, N.J. before that. The building housing its headquarters in Whitehouse Station will close.
Merck says the Summit property was chosen because it has extra work space available, houses multiple operations and is near major transportation hubs and desirable urban centers.
Workers currently at the Whitehouse Station property will either move to Summit or to other facilities in Branchburg, N.J. and Cokesbury, N.J.
Merck says the move is expected to start in 2014 and be completed in the middle of 2015.