Sherwin-Williams Staying in Cleveland With New HQ, R&D Center

Date : 02/06/2020 @ 2:00PM
Source : Dow Jones News
Stock : Sherwin Williams (SHW)
Quote : 481.83  0.0 (0.00%) @ 1:00AM
Sherwin Williams share price Chart

Sherwin-Williams Staying in Cleveland With New HQ, R&D Center

Sherwin Williams (NYSE:SHW)
Historical Stock Chart

2 Months : From Jan 2020 to Mar 2020

Click Here for more Sherwin Williams Charts.

By Colin Kellaher


Sherwin-Williams Co. (SHW) on Thursday said it will invest at least $600 million in a new headquarters and research-and-development center in the Cleveland area, allaying fears that the paint maker would leave its long-time home.

The company said it is finalizing plans to build a new global headquarters in downtown Cleveland and a new R&D center in the Cleveland suburb of Brecksville.

Sherwin-Williams, which was founded in Cleveland in 1866 and has occupied its current headquarters building in the city since 1930, last year said it would consider locations in Cleveland, northeast Ohio and several other states for the new facilities.

The company said the two facilities will house more than 3,500 employees, with room for significant future growth. Sherwin-Williams said it expects to add at least 400 jobs at the sites over time for an 11% increase over its current local workforce.

Sherwin-Williams said the move to the new facilities won't occur until 2023 at the earliest.


Write to Colin Kellaher at


(END) Dow Jones Newswires

February 06, 2020 08:45 ET (13:45 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

Latest SHW Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....

No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:us D:20200331 07:08:20