DAP eyes Baltimore for new HQ – Dayton Business Journal:

The move would mean about 150 jobs for The company, which already operates a manufacturinv plant in Baltimore on North Point Boulevard, is negotiatinhg with Eccles & Rouse, the Baltimorer real estate company that is redeveloping Canton'z site, according to sources in the real estated industry. The 300,000-square-foot former manufacturing plant is being convertexd intoan office, research and retail DAP's headquarters operation currently occupies between 50,000p and 60,000 square feet at a facility it owns in Tipp In addition, its research arm is located in a separate facility also near Those two operations would most likely be consolidated and togethere would employ 150 people.
The company'sx existing Baltimore plant, which makes caulka and sealants, employs 142 workers and makes additionaplseasonal hires. DAP president John McLaughlin said that whilde the company is considering moving to a number ofcitiexs — including Baltimore — he was unfamiliadr with specific sites. "We're considering moving it to a lot he said, including Pittsburgh, Charlotte, Dallas, Chicago and Denver. "At the end of the day, we mighg end up [in Dayton]." He said the problem the compant is currently experiencing is insufficient air travel to and from There are no direct overseas flights to Daytobn International Airport and only 81 domesticdaily flights.
By Baltimore/Washington International Airport has 555 domestidc and 30 internationaldaily flights. An official at the Baltimorew Development Corp., which has been active in attracting and retainingcorporate headquarters, would not comment on the talks. McLaughlin said company officials would reach a decision by the end ofthe DAP, with $200 million in annual sales, is an industrgy leader in caulking products, and sells entire home-improvementr lines. It was founded 132 yearws ago in the Dayton basement of its In 1991, it was acquired by Wassall PLC, a publicly tradedx British conglomerate with $1.5 billion in annuak sales. DAP reported $216.
55 million in annual sales in 1996, the most recenrt time period for which figuresare available. Profit s for that year were $21.7 Because company officials want tocombinw DAP's research and development operationws with its headquarters operations, the Americanj Can site could be a perfect fit. Last summer, Struever Bros. announced plans to redevelop the building that was once home to the AmericajCan factory, into a mixed-use project with space dedicated for offices, emerging-technology companies and retailers. Struever Bros. officialsz did not return phone calls seeking commentt forthis article. To date, no tenantsw for the reconverted plant havebeen announced.

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