CLARCOR Inc. (NYSE: CLC), a global provider of filtration products, systems, and services, announced that it has entered into an agreement to acquire a facility in Columbia, Tennessee to house a state-of-the-art Innovation Center to support the company’s global growth and innovation initiatives. CLARCOR plans to invest more than $10 million and create 35 new jobs in Middle Tennessee over the next five years.
The CLARCOR Innovation Center will house research scientists and engineers, along with the Company’s Advanced Filtration Solutions group, and will serve as CLARCOR’s central R&D center in support of CLARCOR operating companies around the world. The facility will include research laboratories, high-end testing equipment, pilot and semi-works production lines, and a learning center. Immediately following its purchase of the Columbia facility, CLARCOR will begin remodeling activities and relocating assets from a smaller R&D facility in Ohio.
We expect that this facility will be as much a source of pride for the local community as it will be for CLARCOR.Clarcor chairman and CEO Christopher L. Conway
CLARCOR’s Chairman, President and CEO, Chris Conway, stated, “Our strategy with the Innovation Center is to complement the talented scientists and innovators working in our various operating companies around the world with a centralized resource to better leverage our significant synergies and launch more best in class filtration products and technologies across CLARCOR. The Innovation Center will focus on developing unique filtration media, advancing our nanofiber capabilities, and creating innovative processes and differentiated filtration products that can deliver increased value to our customers, employees and shareholders.
“The CLARCOR Innovation Center will be located a half hour from the Company’s corporate headquarters in Franklin, Tennessee, which we believe is the perfect place for us to operate and to be able to recruit top level talent, both internally and externally. Of course, we could not have secured such an ideal location without the strong support we received from the State of Tennessee Department of Economic & Community Development, the Tennessee Valley Authority, the city of Columbia and Maury County, and we deeply appreciate the efforts their people made to make this project possible. We expect that this facility will be as much a source of pride for the local community as it will be for CLARCOR.”
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