Sherwin-Williams exploring new digs
Paint maker says it might need a new headquarters and R&D facility.
Break out the fresh paint.
Sherwin-Williams Company said it has initiated a process to explore options for a new research and development facility and a new global headquarters.
The paint and coatings manufacturer said the action comes as a result of the company’s ongoing review of its facilities requirements “as it seeks to best meet the current and future needs of its customers and employees.”
“The company’s significant growth and global expansion over the last several decades has resulted in a less than optimal configuration of headquarters, offices and R&D facilities across multiple locations,” said Sherwin-Williams Chairman and CEO John Morikis. “Given the limitations of our current footprint and driven by the needs of our customers, we are exploring options that will help us to accelerate productivity and efficiency, enhance technology and innovation, enable greater collaboration, support recruitment and retention and reduce maintenance costs over the long term.”
As part of the process, Sherwin-Williams will consider multiple potential sites, including locations in Cleveland, Northeast Ohio and several other states. A transition to new facilities is not expected to occur until 2023 at the earliest and would require approval from the company’s board of directors.
Sherwin-Williams’ current headquarters at 101 W. Prospect Avenue in Cleveland, Ohio, has been its home since 1930. The company operates multiple facilities in Northeast Ohio which are home to approximately 4,400 employees.
Sherwin-Williams brands include Valspar, HGTV Home by Sherwin-Williams, Dutch Boy, Krylon, Minwax, Thompson’s Water Seal, and Cabot, among others.
No comments found