Omnova plans to relocate company's headquarters

Mike McNulty
RUBBER & PLASTICS NEWS

Published: September 18, 2013 12:19 pm ET
Updated: September 18, 2013 12:23 pm ET

Related to this story

Topics Film & Sheet
Companies & Associations Omnova Solutions Inc.

FAIRLAWN, OHIO — After months of speculation, Omnova Solutions Inc. has made it official: it is moving its headquarters from Fairlawn to Beachwood, Ohio.

The company had received approval from Beachwood's council and the city's school board in separate meetings to proceed with a project to acquire 8.5 acres where it will build a 57,000-square-foot facility. The property allows room for future expansion on the site, the firm said.

Omnova, which has been looking at possible new locations for its headquarters for two years, had been leasing a building in Fairlawn that has been serving as its headquarters for a number of years. The lease runs out in 2014.

The company expects to begin building the new site this fall and continue construction during the winter. It plans to move to the new complex in late 2014.

"It is important to stay in Northeast Ohio, Chairman and CEO Kevin McMullen said in a prepared statement. "We strongly believe in the region's talented people and vast resources, which will be catalysts for the growth of our company."

He said the Beachwood site is a vibrant corporate setting and is a "perfect spot to build our future."

McMullen said the new location provides Omnova with the opportunity to broaden its footprint and brand image in Northeast Ohio; offers outstanding amenities for employees; has easy access to highways, airports, educational institutions and communities in Northeast Ohio; and gives it the ability to build a facility suited to the firm's current and future needs while lowering costs.


Comments

Omnova plans to relocate company's headquarters

Mike McNulty
RUBBER & PLASTICS NEWS

Published: September 18, 2013 12:19 pm ET
Updated: September 18, 2013 12:23 pm ET

Post Your Comments


Back to story


More stories

Image

How CEO Santi is changing ITW

April 23, 2014 2:48 pm ET

Scott Santi is showing he can do more than just cut costs at Illinois Tool Works Inc.    More

Image

Pregis Corp. to get new owner

April 22, 2014 11:44 am ET

The private equity owner of Pregis Corp. is selling off its North American operations for an undisclosed sum.    More

Europe's bag use still expected to climb despite possible bag restrictions

April 22, 2014 9:29 am ET

Ceresana, a Germany-based research company, has released a report forecasting that by 2020 the sales volume of bags and sacks in Europe will reach 9....    More

Image

Savvy customers follow raw material prices as closely as processors

April 21, 2014 2:25 pm ET

Savvy customers closely follow the prices of raw materials. The result: in the film and sheet segment of the plastics industry, even if processors...    More

EU moving closer to rules that will reduce plastic bag use by 80 percent

April 17, 2014 10:54 am ET

European Union countries could have to reduce the use of plastic shopping bags by at least 80 percent by 2019 under draft rules backed by the European...    More

Market Reports

Market Data Book - Rankings & Lists

A one-stop download of Plastic News' exclusive annual lists and processor rankings containing essential data including sales, employees, end markets, materials and more.
EXCLUSIVE EXCEL FEATURE: full mailing address details for available plant locations.

Learn more

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report provides analysis and discussions of economic and political conditions, market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as strategies being implemented by thermoformed packaging companies. In addition, there are reviews of 25 leading thermoformers in the packaging segment, assessing their growth initiatives and performance metrics over 10 years.

Learn more

Mold Making and Tooling Review and Outlook 2014 North America

This report provides in-depth analysis of the mold and toolmaking market for North America, including discussions of trends, opportunities, threats, the latest developments in production and labor and equipment trends impacting moldmakers.

Learn more

Upcoming Plastics News Events

May 6, 2014 - May 8, 2014Plastics in Medical Devices 2014

May 12, 2014 - May 12, 2014Plastics News Brazil Pharma Summit

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

February 3, 2015 - February 7, 2015Plastics News Executive Forum 2015

More Events