Small appliance maker Spectrum Brands Holdings said its world headquarters, several North American divisional operations, and its technology center have moved into a new, more economical and energy-efficient facility in a suburb of Madison, WI.
In January 2012 the company announced plans to move to the new facility before the end of 2013. More than 500 full-time employees have moved to the new facility in Middleton, WI.
At one point Spectrum Brands was considering moving its world headquarters and North American Remington personal care operations to Miramar, FL, where its Russell Hobbs home appliances subsidiary, acquired in June 2010, occupied a suitably sized building. The company decided to stay in the greater Madison area due to major space efficiencies and other cost savings. The new building can accommodate up to 675 full-time employees.
Spectrum Brands said the Middleton facility is also more economical and energy-efficient than would have been achieved by renewing the lease on its long-time headquarters at 601 Rayovac Drive in Madison. The lease on that facility expires Dec. 31, 2013. The Rayovac Drive facility is owned by a real estate group.
"We were close to a decision to move up to 300 full-time jobs from the Madison area to Florida," said CE Dave Lumley. "Instead, we brought 60 to 70 professional jobs to Wisconsin, which adds to the nearly $100 million of direct annual economic impact Spectrum Brands already has on our state, and preserves state revenue from our employee income tax withholdings that would have been lost with a move to Florida."
The new facility includes the new Spectrum Brands Institute of Design & Technology, with updated labs and equipment and 20% more space devoted to research and development of home appliances and other Spectrum Brands products.
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