FAIRLAWN, OHIO (April 10, 10:45 a.m. ET) — A. Schulman Inc. is moving its corporate headquarters into a “more modern, efficient space” just two miles from its current location in Fairlawn.
The plastics compounder and resin distributor will occupy a 34,000-square-foot space in the new Fairlawn Corporate Park, where it will employ approximately 130.
“Our new headquarters will serve as our global base to support the strategic expansion of our business in markets around the world,” Joseph M. Gingo, chairman, president and CEO of the company, said in a news release.
The company also intends to relocate workers from its nearby Akron Product Technology Center into the new facility. The firm plans to sell the Product Technology Center building in the future. Proceeds from the sale will support A. Schulman's growth initiatives, such as capital investments.
A. Schulman sold its existing headquarters building to Landridge Development and will lease its new building with the same developer.
The new facility will serve as the company's global and U.S. headquarters. The move will take place in 2013.
A. Schulman employs 3,100 in 36 facilities worldwide. It reported net sales of $2.2 billion for fiscal year ended Aug. 31, 2011.