Quantex Laboratories believes it has found the right solution in Cranbury, moving into headquarters about triple the size of its prior Edison Township home that was badly damaged by Hurricane Sandy.
"We're ecstatic," CEO James Menoutis said. "The staff here, even the customers are happy with the outcome. As someone told us, we were able to turn lemons into lemonade."
The life sciences company is now operating at a 15,000-square-foot office at 3000 Eastpark Blvd. Menoutis said the move enables the company to expand services to include microbiological testing capabilities to its contract laboratory and analytical testing services.
Quantex Laboratories, which employs nine now, hopes to increase staff to 20 by the end of the year, and to 40 by the end of 2014, Menoutis said. Most new positions will be filed by scientists, such as chemists and microbiologists, he said. The privately held company does not disclose revenue.
Quantex Laboratories provides analytical and research services for the pharmaceutical, biotechnology, medical device, personal care products, cosmetics and other life science industries. Clients are spread globally.
"We have a lot of room to grow," Menoutis said. "This allows us to expand our equipment. We've brought in new equipment."
Menoutis said the quest for larger space began years ago but plans were expedited by harm inflicted by Hurricane Sandy to company's prior building in Heller Industrial Park. Neighbors Pennsylvania and New York, and states ranging as far Texas and Florida, courted the company as it mulled relocation, he said.
Support from groups like the New Jersey Business Action Center, which assisted in site selection and helped process emergency loans and aid after Hurricane Sandy, worked to keep Quantex Laboratories in New Jersey. The company is now based in offices previously leased by Ligand Pharmaceuticals, which has moved operations to California.
Debbie Hart, president of BioNJ, a biotechnology trade group, said retaining Quantex Laboratories is critical because of the company's relationship to the broader life sciences cluster in New Jersey.
"This company is a service provider to the industry," Hart said. "The service providers are as important to the cluster as are the research and development companies themselves. This is a big win."
The move was formalized last week with a ribbon-cutting ceremony attended by Lt. Gov. Kim Guadagno other private sector and government officials.
"Quantex's expansion within New Jersey is a testament to the (Chris) Christie administration's commitment to strengthen and grow the life science sector," Guadagno said in a statement. "New Jersey offers a prime location; access to a talented employee pool; and a proactive, pro-business agenda that makes it easy to do business here."