Story perspectives

Moen Relocates Headquarters, Affects 350 Employees by 2026

1/23/2025

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Summary

Moen Relocates Headquarters

Moen plans to move its headquarters to Deerfield, Illinois, by summer 2026, impacting around 350 employees.
Fortune Brands Innovations seeks to streamline U.S. operations into a single location.
Relocating employees will receive assistance, including a pay raise and moving costs.
Employees choosing not to relocate will be offered severance and support services.
The new facility aims to house over 1,000 employees by 2027.

Summary

Fortune Brands Relocates

Fortune Brands Innovations will move its headquarters to the former Horizon Therapeutics campus in Deerfield, Illinois.
The relocation will create 400 new jobs by 2027, boosting local employment to 583.
An EDGE program agreement offers tax incentives for the new hires.
The facility is expected to support over 1,000 employees by 2027, improving Deerfield's corporate environment.
This move addresses concerns about corporate retention in the Chicago area.

History

Historical Context

Fortune Brands Innovations' headquarters move to Deerfield echoes the corporate relocations of the 1980s and 1990s, when companies sought favorable tax environments and operational efficiencies. This trend reflects ongoing pressures for corporate retention and local economic growth, reminiscent of past efforts to streamline operations and enhance competitiveness.

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Moen Relocates Headquarters

Moen plans to move its headquarters to Deerfield, Illinois, by summer 2026, impacting around 350 employees.
Fortune Brands Innovations seeks to streamline U.S. operations into a single location.
Relocating employees will receive assistance, including a pay raise and moving costs.
Employees choosing not to relocate will be offered severance and support services.
The new facility aims to house over 1,000 employees by 2027.

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