Port Washington, NY - June 12, 2015 - In a personal call to Danaher Corporation CEO, Thomas Patrick Joyce Jr., U.S. Senator Charles E. Schumer urged the likely purchaser of Pall Corporation to protect approximately 700 existing jobs at the company’s Long Island headquarters. Further, Schumer touted the company’s profitability and solid underlying fundamentals, and urged the CEO to consider expanding operations on Long Island.
Schumer explained that Pall Corporation also has its facilities in Central NY, located in Cortlandville, NY, where they employ roughly 650 people. In addition, the company has its corporate headquarters in Long Island that employs roughly 700 people. In his call with Danaher’s CEO, Schumer highlighted the importance of both locations and encouraged Danaher to not only protect the jobs at those facilities, but also to continue to look for ways to grow the company.
Schumer noted, and Danaher concurred, that the acquisition does not have an overlap with existing Danaher businesses. Danaher indicated that it sought the purchase because it believed in the growth potential of Pall’s filtration business and the positive future in the life sciences sector of the economy. Danaher CEO Joyce indicated to Senator Schumer that there were no imminent cut backs planned and that, in general, he was bullish on the firm’s future.
“I spoke directly with Danaher CEO Thomas Joyce, and urged him to protect these important jobs on Long Island. These jobs are vital to the local community and economy, the employees at Pall Corp were a key driver in the company’s success over the years, and they should remain a critical part of Danaher’s company after the acquisition is complete,” said Senator Schumer. “The bottom line is that Pall Corporation makes a world-class filtration product with a bright future and very strong upside growth potential. The good news is that the CEO of Danaher, Mr. Joyce, shares that view and also thinks this company has a bright future. My point to him is that we must build on the jobs here in Long Island – and hopefully even expand them. I believe he heard me loud and clear.”
Pall Corp. is the fourth largest public corporation on Long Island. On May 13, Pall Corporation, a global leader in filtration, separation and purification technologies, announced it agreed to be acquired by Danaher for $13.8 billion, including assumed debt and net of acquired cash. However, Schumer said that, following the announcement of this acquisition, many locals expressed concerns that there could be job losses following the final deal. As a result, Schumer made a personal call to the Danaher CEO to urge him to ensure jobs in Long Island and Cortland County, places where the new combined company can leverage and grow its workforce and increase business, a win for the company and the top-notch New York workforce.