Manufacturer Danaher to relocate in Maryland

Pa. divisional office to move by June to Hunt Valley site

Staff will be 80 people

Commercial real estate

March 24, 2000|By June Arney | June Arney,SUN STAFF

The Danaher Corp. announced yesterday that it will relocate one of its divisional headquarters from Lancaster, Pa., to Hunt Valley by the summer.

The Professional Tool Division, a subsidiary of the $3.2 billion Danaher Corp. based in Washington, is expected to make the move by June and have a work force of 80 employees at its new site.

"This is yet another prestigious company making another significant investment and putting a strategic business unit here," said Ioanna T. Morfessis, president and CEO of the Greater Baltimore Alliance.

"This is building our momentum. What's important is the message this relays to the corporate world beyond Maryland and its borders," Morfessis said.

Danaher is based in Washington and had sales of $3.2 billion last year. It is a leading manufacturer of tools and components and process/environmental controls. The company has 18,000 employees in more than 20 countries.

Danaher's tool group manufactures industrial grade mechanics' hand tools, sold under such brand names as Armstrong, KD, NAPA, Allen, Jacobs and Holo-Krome.

The tool division has a distribution center in Hanover, employing 130 people.

"This move will enable our company to better coordinate our division's strategy with our -- distribution center -- as well as with key customers and vendors," said Jake Nichol, president of the Professional Tool Division. "We look forward to continual growth of our company in the Hunt Valley area."

Richard C. Mike Lewin, secretary of the Maryland Department of Business and Economic Development, called the company one of the most innovative and fastest-growing manufacturing corporations.

"It's an outstanding company. It has great growth prospects," he said.

Danaher will occupy a 30,000-square-foot facility that will house its research and development, sales, marketing, customer service and administrative functions.

The company will renovate a building which has been vacant for several months.

The majority of the positions are expected to be in the $18,000 to $60,000 range. It was unclear yesterday how many of the 80 positions "We look forward to continual growth of our company in the Hunt Valley area."

Jake Nichol, president of the Professional Tool Division

would be new hires.

"We feel that this is going to lead to more growth," Morfessis said. "This is a very prestigious company."

The Greater Baltimore Alliance received information about Danaher's possible interest in the area from the Greater Baltimore Committee in December 1997 and has been working with the group on and off since then, Morfessis said.

"It's the oldest active prospect on our books," Morfessis said.

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