Michael Bergeron, senior business development manager with the NH Division of Economic Development, left, joins Bill Bauld, CFO of Andover Healthcare and retail lead Mayra Lemus at the company’s new facility at the Pease International Tradeport.
Andover Healthcare Inc., a leading manufacturer of cohesive bandages and tapes for the healthcare, animal health and sports medicine industries, has purchased space at the Pease International Tradeport and will relocate its corporate headquarters from Salisbury, Mass. in 2015.
The company has hired six new employees and anticipates hiring 20 more, as well as relocating its corporate staff next year.
“‘Live Free and Prosper’ rings true for us,” said Andover Healthcare President Tom Murphy, who lives in New Hampshire. “We are thrilled to open a facility in New Hampshire.”
Murphy founded the company in the 1976, providing athletic tape to the Boston Bruins. A few years later, the New England Patriots’ trainers began using the tape and by the mid-1990s, Andover Health had grown as an industry leader in bandages for healthcare and animal care.
Two years ago the company expanded into the retail market with customers such as Walgreens and CVS.
“We recently received a large contract with Wal-Mart,” said Murphy, “and we needed to be in production quickly – the facility in Portsmouth is the perfect fit.”
The 52,000-square-foot Pease facility will produce elastic bandages for 3,500 Wal-Mart stores across the U.S.
“We are investing $700,000 in new equipment and we will also relocate our corporate offices to New Hampshire in 2015,” said CFO Bill Bauld. “Michael Bergeron of the New Hampshire Division of Economic Development was helpful to us in coordinating tax credits, financing options and job training programs.”
“On behalf of the people of New Hampshire, I am honored to welcome Andover Healthcare to the Granite State,” said Gov. Maggie Hassan. “Andover Healthcare’s relocation reinforces that our low-tax environment, responsive state government and high quality of life make New Hampshire as attractive a state for business as any in the country. Andover Healthcare’s presence in our state will help expand middle class opportunity and will keep our economy moving in the right direction.”
For more information on job openings, visit www.andoverhealthcare.com.
For information on expanding or relocating a business to New Hampshire, contact Michael Bergeron, senior business development manager for the New Hampshire Division of Economic Development, at 603-271-2591.
Welcome to New Hampshire!
Lorna Colquhoun
Communications Director
NH Division of Economic Development