Auto Service World
News   July 3, 2001   by Auto Service World

SPX Announces Head Office Move


SPX Corporation has advised its headquarter employees that it will relocate its corporate office within the next 12 months.
Commenting on today’s announcement, John B. Blystone, chairman, president and CEO of SPX Corporation said, “Muskegon has been a great home for SPX since 1911. With the recently completed acquisition of United Dominion Industries, SPX is now a $5 billion global, multi-industry company with over 28,000 employees doing business in over 34 countries. We currently have 50 people in Muskegon. The integration with United Dominion provides a natural time to select a corporate location for the next stage in SPX’s evolution.”
“We have selected Charlotte, North Carolina and Fairfax County, Virginia as the two finalist locations. The final decision will be made by September 1 and will be based on total corporate costs, labor pool, access to metropolitan airports that offer better domestic and international flights, affordable housing, employment opportunities for dual income families, as well as overall quality of life.”
On August 1, the company will report its second quarter results. These results are expected to include a material charge for the integration of certain SPX businesses with former United Dominion businesses, cost reduction actions and the relocation of the corporate office.


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