Issue link: https://nebusinessmedia.uberflip.com/i/1498970
HARTFORDBUSINESS.COM | | MAY 15, 2023 5 "Our Cash Management Solutions will help ensure that your business banking processes are efficient, effective and safe from fraud." Member FDIC/Member DIF – J E N N I F E R Y E R G E A U, V i c e Pre s i d e n t , Ca s h M a n a g e m e n t Co m m e rc i a l & I n s t i t u t i o n a l S a l e s j y e rg ea u @ b a n ka t p e o p l e s . c o m | 8 6 0 . 3 9 7 . 9 0 1 4 Fraud Protection • Check Positive Pay • ACH Positive Pay • Online Banking Tools Secure access codes and tokens Customizable alerts Definable user access levels Dual control settings Real-time stop payments bankatpeoples.com/fraud-protection German life sciences company Eppendorf expands Enfield footprint with new distribution center By Hanna Snyder Gambini hgambini@hartfordbusiness.com G lobal life sciences company Eppendorf North America Inc. is expanding its Connecticut footprint with the debut of a new Enfield distribution center. The German-based company manufactures and sells laboratory equipment and services for scientific research worldwide, and has been operating in Enfield for nearly 20 years. The new distribution center at 113 N. Maple St., developed by Winstanley Enterprises, will enable Eppendorf to expand manufacturing efforts at its existing North American headquarters in Enfield, at 175 Freshwater Blvd. The two sites now employ 450 workers living in and near Enfield. Eppendorf has more than 5,000 employees globally, according to co-CEO Eva van Pelt, who was in Enfield earlier this month to commem- orate the company's expansion. Eppendorf's revenues in the Americas grew by more than 50% in fiscal 2022; the region now makes up 37.5% of the company's total revenue, she said. According to its most recently available annual report, the private company generated over $1 billion in revenue in 2021. "Eppendorf has been on a growth trajectory that was given additional momentum by the high demand during the … pandemic," van Pelt said. "(Coronavirus) vaccine developers such as Pfizer/BioNtech, Moderna and Johnson & Johnson trusted Eppen- dorf's products for their developments in the fight against COVID." "The pandemic showed us how much Eppendorf and our products are needed," she said. The company's products range from pipettes, centrifuges, and automated liquid handling and cell culture systems, to bioprocessing equipment used in academic and industrial research laboratories, including companies in the pharmaceutical, biotech, chemical and food industries. Alexandra Daum, commis- sioner of the state Department of Economic and Community Devel- opment, said Germany is Connecti- cut's largest and most significant trade partner. Connecticut shipped more than $2.1 billion in goods to Germany in 2022, according to Inter- national Trade Administration data. Eppendorf has been a good busi- ness partner for the state, supporting job creation and Connecticut's crucial life sciences industry, Daum said. "Connecticut is one economic unit, we're one corridor, so where industry is booming in one section of the state, that benefits another section of the state," Daum said. "(Eppendorf's expansion) benefits our life sciences businesses in the Farmington area and New Haven area." "This is the kind of company we want here," Daum added. Growing reach Eppendorf was founded in 1945 in Hamburg, Germany, and has since expanded to other locations throughout North America, including in California, New York and Canada, with subsidiaries in more than two dozen countries. Aside from its Hamburg location, company officials said Enfield is Eppendorf's most critical location globally, representing about 30% of its manufacturing efforts and 90% of North American distribution. Eppendorf uses 238,000 square feet of the North Maple site, with another 500,000 square feet occu- pied by dairy co-operative Agri-Mark, according to Adam Winstanley, prin- cipal of Winstanley Enterprises, which developed the property. Eppendorf's Freshwater Boulevard location, which has been operational since 2004, will continue to serve as the company's North American headquarters, officials said. State and local officials joined team members from Eppendorf and Winstanley Enterprises for a ribbon-cutting ceremony at the new distribution center in Enfield on May 2. HBJ PHOTO | HANNA SNYDER GAMBINI