BOSTON BUSINESS JOURNAL – In the last eight years, the home and health unit of consumer product manufacturer Helen of Troy Limited has doubled in size, and with a new headquarters in Marlborough, the company has capacity to grow even more.
Part of the larger Helen of Troy (Nasdaq: HELE) corporation based out of Texas, the home and health division of the company is responsible for producing several well-known products, including Braun thermometers, Vicks humidifiers under a licensing agreement from Procter and Gamble, and even water filtration products from PUR.
Yet the company, which generated over $600 million in revenue in its latest fiscal year, was outgrowing its 52,000-square-foot facility in Southborough. The new building, at 400 Donald Lynch Boulevard in the Solomon Pond Office Park, provides space to accommodate existing employees while still giving room to grow.
“We think we have a 20-25 percent growth capability in the space during the term of the (10-year) lease, with good options inside both the building, which is completely let, and inside the park,” said Jon Kosheff, president of health and home business unit for Helen of Troy.
The new building gives the business unit 65,000 square-feet in Marlborough, and features a better layout with more efficient use of the space.
Room to grow is essential. Kosheff expects its headcount to grow organically 5 to 10 percent from the 160 employees there today, but that doesn’t include potential acquisitions of other companies.
“We’re an acquisitive company. Acquisitions are part of our core strategy,” Kosheff said. “The space needs to provide some element of capacity growth beyond just organic.”
This article by Jessica Bartlett originally appeared here.