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CLEVELAND, Ohio – Sherwin-Williams Co. today announced a long-running rumor: Cleveland's downtown paint company is looking for a new research and development center and a new world headquarters.
The company is considering several sites, including Cleveland, in northeastern Ohio and "in several other states," according to a press release.
"The company's strong growth and global expansion in recent decades has resulted in a non-optimal configuration of headquarters, offices, and R & D facilities at multiple sites," said John G. Morikis, President and Chief Executive Officer. Chief Executive Officer of Sherwin-Williams, in a statement. "Given the limitations of our current footprint and the needs of our customers, we are exploring options that will help us increase our productivity and efficiency, improve technology and innovation, strengthen collaboration, support recruitment and retention and reduce maintenance costs. long term."
The company's current headquarters, located since 1930, are located at 101 W. Prospect Ave. The company owns several other facilities in northeastern Ohio, which employ approximately 4,400 people.
This story is updated.
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