Wednesday, October 23, 2019

Is Charlotte in the running for Sherwin-Williams HQ?

By Ashley Fahey, Charlotte Business Journal

It's still highly speculative, but Charlotte may be a candidate for the headquarters of painting and coatings manufacturer Sherwin-Williams Co. — that is, if the company decides to leave its current headquarters city of Cleveland.

Well-known site-selection consultant John Boyd of The Boyd Co., whose New Jersey firm works on economic development projects and corporate relocations across the country, said last week he believes the Queen City could be in the running — and high on the list. Boyd is not working on the Sherwin-Williams project but, based on his knowledge of it, he believes four cities are being seriously considered: Atlanta, Houston, Dallas and Charlotte.

The Sherwin-Williams Co. (NYSE: SHW) disclosed last month that it had begun a process to "explore options" for a new research and development facility and global headquarters, both within and outside of Cleveland. CEO John Morikis said at the time that the company's growth has resulted in a "less than optimal" configuration of headquarters, offices and R&D facilities in multiple locations.

To read the full article email Alexia Eanes