The Sherwin-Williams Company (Cleveland, Ohio, USA) recently announced that it is looking for locations for a new research and development (R&D) facility and new global headquarters.
According to a company press release, Sherwin-Williams’s decision to seek new sites for its operations following an ongoing review of its facilities and a need to meet the current and future needs of customers and employees. Sherwin-Williams is in the process of evaluating multiple potential sites within Cleveland and Northwest Ohio, as well as several other cities and states. A final decision on a new facility is not expected to occur until 2023 at the earliest.
“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,” says John G. Morikis, chairman and chief executive officer for Sherwin-Williams. “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.”
Since 1930, Sherwin-Williams has operated out of its current headquarters in the Greater Cleveland area. The company’s multiple facilities in Northwest Ohio staff approximately 4,400 employees. Sherwin-Williams says it will continually update its employees and stakeholders on its plans to find locations for a new R&D facility and global headquarters.
Source: Sherwin-Williams, www.sherwin-williams.com