Global Mfg. Co Moves HQ to Minnetonka, Adds Jobs
Taylor-Wharton International, LLC (TWI)—a maker of tanks, valves, and other containers for holding high-pressure gases and liquids—said Wednesday that it will relocate its corporate headquarters from Pennsylvania to Minnesota.
The move will bring 25 to 30 jobs to Minnetonka, most of which will be relocated from Pennsylvania, Chief Financial Officer (CFO) Jim Hoppel told Twin Cities Business on Thursday. TWI has signed a seven-year lease, with options for renewal, at the Rowland Pond I building located at 5600 Rowland Road.
The headquarters move is part of a larger reorganization at the company, which emerged from Chapter 11 bankruptcy in 2010. As part of the shift, Bill Corbin, the company’s CEO and chairman, and CFO Len York recently left TWI. Eric Rottier, who held senior positions at Minnesota Valley Engineering, Inc., and its acquirer, Chart Industries, Inc., succeeded Corbin as chief executive in May.
Hoppel, who recently replaced York, told Twin Cities Business that the headquarters move will occur during the first quarter of next year. Rottier is from the Twin Cities, which is one reason the company decided to relocate here; there’s “also a good talent pool to recruit from,” he said.
In addition to the 25 to 30 corporate jobs, most of which are relocating from Pennsylvania, Hoppel said that the company plans to add another 10 to 15 jobs in Minnesota within the next couple of years. The company will begin by hiring locally for sales, marketing, and other positions, he said.
TWI currently employs 1,000 globally but does not have a presence in Minnesota, Hoppel said. It has annual revenue in the range of $200 million to $300 million, he added.
The company operates three divisions: Sherwood, which produces valves; Taylor-Wharton, which provides cryogenic storage units and high-pressure compressed gas cylinders; and American Welding & Tank, which makes propane tanks. The company has 16 manufacturing, sales, warehouse, and service facilities in six countries on four continents, and it markets its products in more than 80 countries.
“TWI has a tremendous heritage of being the oldest metal fabricator in the U.S., having operated continuously since 1742,” Rottier said in a statement. “We’re entering a new phase for the organization that includes an exciting transformation of how we conduct business, service our customers, and interact as team members. For our customers, this transformation will bring a revitalized and nimble partner focused on engineered products that solve their problems and improve their profitability.”