Formica to relocate global headquarters to Cincinnati area
Formica Corp. will relocate its global headquarters from Warren, N.J., to an
as-yet-undetermined site in the Greater Cincinnati area. The decision is part of a strategy to lower costs as Formica emerges from
bankruptcy protection.
"Relocating the executive suite as well as the
financial, accounting, tax and legal departments from New Jersey to the
Cincinnati area makes sense from an operational and historical perspective,"
said Formica President and CEO Frank A. Riddick, III. "There really was no longer any reason to be in New Jersey other than that's where some of the former corporate executives lived."