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Candy giant to open new HQ in Newark
Updated Dec 5, 8:51 PM; Posted Dec 5, 5:10 PM
Gallery: M&M's, a Jersey-fresh candy since 1941
1.6kshares
By Jessica Mazzola
jmazzola@njadvancemedia.com,
NJ Advance Media for NJ.com
The chocolate company behind M&M's, Snickers, and Twix, is officially expanding in New Jersey.
Mars Wrigley Confectionary announced Tuesday its decision to open its U.S. headquarters in the Garden State. The HQ will have two locations, one in Mars' existing offices in Hackettstown, and another in a new space in Newark, the company said. The move that will bring about 500 jobs to the Brick City.
The announcement comes a few weeks after the state approved a 10-year, $31 million tax enticement for the company.
The new Newark location should be up and running by July 2020, the candy giant said.
Mars Wrigley has said it plans to move 113 jobs from Chicago and 370 jobs from Hackettstown to Newark. The Hackettstown location will retain about 1,000 jobs, the company said.
The company's international headquarters will remain in Chicago, Mars said.
Though it is unclear how many of the Jersey jobs will be new, local hires and how many will be transplants to N.J., the company said in its announcement it was "committed" to helping employees through the transition.
"Expanding in New Jersey will enable the continued growth of our U.S. business," said Berta de Pablos Barbier, Mars' president.
"Creating U.S. offices in New Jersey will allow us to keep driving growth, while also positioning us to retain and attract the future talent needed for our continued success."
The company has not said where in Newark it will be located, but sources reportedly told ROI-New Jersey the headquarters would be located in the Ironside Newark -- a 456,000-square-foot commercial and retail center currently being renovated.
U.S. Sen, Cory Booker issued a statement Tuesday saying he was "thrilled" with the company's decision to build in the state's largest city.
"Newark's highly-educated workforce, robust transportation network, and central location will no doubt help the Mars U.S. Market Headquarters thrive. This decision means hundreds of local jobs returning to Newark, a boost to our regional economy and small businesses, and the opportunity to continue the biggest economic boom in Newark since the 1960's," Booker said.
The move is a return for Mars, which was located in Newark from 1941 through 1958, when it moved to Hackettstown seeking more space.
Updated Dec 5, 8:51 PM; Posted Dec 5, 5:10 PM
Gallery: M&M's, a Jersey-fresh candy since 1941
1.6kshares
By Jessica Mazzola
jmazzola@njadvancemedia.com,
NJ Advance Media for NJ.com
The chocolate company behind M&M's, Snickers, and Twix, is officially expanding in New Jersey.
Mars Wrigley Confectionary announced Tuesday its decision to open its U.S. headquarters in the Garden State. The HQ will have two locations, one in Mars' existing offices in Hackettstown, and another in a new space in Newark, the company said. The move that will bring about 500 jobs to the Brick City.
The announcement comes a few weeks after the state approved a 10-year, $31 million tax enticement for the company.
The new Newark location should be up and running by July 2020, the candy giant said.
Mars Wrigley has said it plans to move 113 jobs from Chicago and 370 jobs from Hackettstown to Newark. The Hackettstown location will retain about 1,000 jobs, the company said.
The company's international headquarters will remain in Chicago, Mars said.
Though it is unclear how many of the Jersey jobs will be new, local hires and how many will be transplants to N.J., the company said in its announcement it was "committed" to helping employees through the transition.
"Expanding in New Jersey will enable the continued growth of our U.S. business," said Berta de Pablos Barbier, Mars' president.
"Creating U.S. offices in New Jersey will allow us to keep driving growth, while also positioning us to retain and attract the future talent needed for our continued success."
The company has not said where in Newark it will be located, but sources reportedly told ROI-New Jersey the headquarters would be located in the Ironside Newark -- a 456,000-square-foot commercial and retail center currently being renovated.
U.S. Sen, Cory Booker issued a statement Tuesday saying he was "thrilled" with the company's decision to build in the state's largest city.
"Newark's highly-educated workforce, robust transportation network, and central location will no doubt help the Mars U.S. Market Headquarters thrive. This decision means hundreds of local jobs returning to Newark, a boost to our regional economy and small businesses, and the opportunity to continue the biggest economic boom in Newark since the 1960's," Booker said.
The move is a return for Mars, which was located in Newark from 1941 through 1958, when it moved to Hackettstown seeking more space.