Teleflex Corp. responded to American industrial decline by selling or closing down its old car, boat and factory controls plants. It shrank its workforce by half (and by two-thirds in the U.S.)., and switched to the medical-devices business. It worked, if the stock market is the measure: The company has been trading at record levels.
Next step was to do something about its old Limerick Township headquarters. “We were in a large campus, off the main thoroughfares, where we had manufacturing facilities for the now-divested operations, reflective of our previous era,” says Cam Hicks, Teleflex’s vice president for global HR.
“We wanted a place where we could get access to new talent, and position ourselves for growth, while increasing our visibility, without a net increase in commute time” for headquarters workers scattered through Philadelphia’s western suburbs.
Last week the company moved into its new digs at CrossPoint, a Tredyffrin office park near US 202, which has itself been recycled out of foreclosure. To build the center, 1970s-era buildings at the former Valley Forge Office Center have been connected by a glass atrium packed with amenities that office workers used to have to drive off to find, and updated from an earlier, Monopoly-board vision of suburban business, which set office parks here, restaurants up there, recreation over that way.