Marrone Bio Innovations Inc., which makes biologically based products to replace farm chemicals, said Thursday that it's moved its corporate headquarters from Davis to Raleigh, North Carolina.
The move is designed to support Marrone's (Nasdaq: MBII) growing presence in international markets, a news release states. The relocation will mainly affect corporate executive positions. Davis will remain a hub for Marrone's research and development operations, and a number of support functions, according to the release.
"International expansion is a key element of our long-term growth plans, and this move provides us greater proximity to global markets," said CEO Kevin Helash, in the news release. "We’re delighted to be part of the rich agricultural technology community in the Research Triangle area, and look forward to deepening our relationships with partners and customers based in the area. Given the region’s extensive agricultural focus, we also anticipate tapping into a talent pool of individuals who will be attracted to the growth opportunities Marrone Bio has to offer."
The company is a pioneer in developing biological controls for agriculture that replace or reduce the need for chemical pest controls.
Marrone was the Sacramento area's sixth-largest locally based public company, with revenue of $38.37 million in 2020.
