A. Schulman to Move Its Corporate Headquarters to New Location
A. Schulman, Inc. announced that it will move its corporate headquarters to a new location in Fairlawn, Ohio. The new building is approximately two miles from the Company's current headquarters in Fairlawn and will be the cornerstone of the new Fairlawn Corporate Park. The Company will lease the building from Landridge Development of Fairlawn, Ohio, and has agreed to sell its existing headquarters building to the same developer.
"We are excited to move to a new building that will more efficiently accommodate all of our corporate staff and will serve as our U.S. headquarters. We are thrilled that we will be able to remain in Fairlawn," said Joseph M. Gingo, Chairman, President and Chief Executive Officer. "Our new headquarters will serve as our global base to support the strategic expansion of our business in markets around the world."
"A. Schulman has been a stellar corporate citizen, and its decision to remain in Fairlawn is outstanding news for our community," said Fairlawn Mayor William Roth. "We will continue to work with companies like A. Schulman and developers like Landridge to improve and preserve our quality of life and strengthen Fairlawn's reputation as a great place for both family and business."
The move is expected to take place in calendar 2013. The new building will be 34,000 square feet and will house approximately 130 employees. It will serve as A. Schulman's global corporate headquarters as well as its U.S. headquarters. The Company also plans to relocate associates from its Akron Product Technology Center to the new building as well as to its current Akron manufacturing facility. The Company expects to sell the Product Technology Center building in the future. The Company plans to use the proceeds of the sale of its existing headquarters building to support its continuing growth initiatives, including capital investments.
Other news from the department business & finance
