NEW YORK (AP) — Albemarle is moving its corporate headquarters and performance chemicals business from Baton Rouge to Charlotte, NC.
The specialty chemicals company said that it's also moving workers at its refining solutions business in Baton Rouge to an existing office in Clear Lake, TX.
Albemarle Corp. said that about 120 of its employees will move to Charlotte and Clear Lake, with the majority of the relocations expected to occur in June 2016.
Albemarle has about 6,900 employees globally. It nearly doubled in size after its $5.7 billion acquisition of Rockwood Holdings Inc. in January.
Baton Rouge will still house Albemarle's research and development and manufacturing operations at its process development center and several functional and support operations at its current downtown office.
The stock dipped 9 cents to $44.25 in Tuesday afternoon trading.
