In other corporate news, St. Louis got a new publicly traded company yesterday, when shares of Edgewell Personal Care (spun-off from Energizer) began trading on the NYSE:
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Edgewell has taken over one of the old RGA buildings in west county off 64 at Timberlake exist
^Perfect. I was hoping they would move further West. Eventually the idea of a CBD will be non-existent. We will just be a sea of cul-de-sac's, office parks, and strip malls stretching from Mt. Vernon to Warrenton.
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^ Their location choice isn't a surprise, but it is another reminder that Clayton really isn't the problem when it comes to office space.... if the STL & Clayton CBD's each could capture just a fraction of what goes on out in the wilds we'd really have a hustling, bustling Central Corridor. (Clayton CBD though will have to build more space before it can take on large new leases.)
Gateway Media, the Answers spin-off that located in Clayton, just made its first acquisition, a company out of Portland.
http://www.bizjournals.com/stlouis/blog ... 1436285950
This would have been a great company to have downtown. Lockerdome btw has said it is looking for new space for next year but will likely stay downtown. We need more established firms to join them.
http://www.bizjournals.com/stlouis/blog ... 1436285950
This would have been a great company to have downtown. Lockerdome btw has said it is looking for new space for next year but will likely stay downtown. We need more established firms to join them.
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I can't believe they're not. Come on!roger wyoming II wrote:This would have been a great company to have downtown.
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moorlander wrote:Centene acquiring Health Net in $6.8 billion deal
http://www.bizjournals.com/stlouis/morn ... 1435838074
Centene was 186 on the Fortune 500 last year. After this acquisition I see them jumping about 100 spots. Another fortune 100 company!
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STL should make a push to lure Midland States Bank's HQ from Effingham. They acquired Heartland Bank, so they now have a decent presence in STL.
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I know this is not an acquisition, but still could mean a sizable local independent company, assuming SuperValu spins off Save-A-Lot.
http://www.stltoday.com/business/local/ ... 98179.html
http://www.stltoday.com/business/local/ ... 98179.html
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^I think it's a good thing for St. Louis.
Monsanto, at least for now, doesn't change its address to London or somewhere in Europe.
There are other companies Monsanto can go after.
Or instead of staying primarily a pure-play see/plant science company, they could expand into other life science industries - like DuPont has done with soy (Solae).
Monsanto, at least for now, doesn't change its address to London or somewhere in Europe.
There are other companies Monsanto can go after.
Or instead of staying primarily a pure-play see/plant science company, they could expand into other life science industries - like DuPont has done with soy (Solae).
ConAgra is planning on selling its private label business - which is basically comprised of the former Ralcorp. In an interesting twist of fate Post is one of two leading bidders for the business, along with Treehouse Foods (out of Chicago). It'd be great to see the Ralcorp return to St. Louis (as a part of Post), and the additional revenue from the acquisition would vault Post into the Fortune 500.
It'd be great to follow-up on Olin being added to the Fortune 500 this year, with Post being added next year.
It'd be great to follow-up on Olin being added to the Fortune 500 this year, with Post being added next year.
Pretty soon St. Louis-based (Clayton) Olin Corporation (a $2.25-billion firm) will merge with Dow Chemicals' (chlorine-alkali business) pushing Olin's revenues to over $7-billion. This could make Olin one of the Top 50 chemical firms in the world in terms of revenue.
Philly's FMC Corporation is a $4-billion chemical firm, but check out their new digs ------>Cira Centre South<------ planned in Philly.
I imagine Olin would need more office space. Chances are slim, but could Olin with revenue growth of nearly 200% due to the acquisition and more employees, abandon the Plaza in Clayton for sweeter digs?
Note: With the exception being Chicago, sometimes I really hate the Midwest's modest and timid approach to development.
Philly's FMC Corporation is a $4-billion chemical firm, but check out their new digs ------>Cira Centre South<------ planned in Philly.
I imagine Olin would need more office space. Chances are slim, but could Olin with revenue growth of nearly 200% due to the acquisition and more employees, abandon the Plaza in Clayton for sweeter digs?
Note: With the exception being Chicago, sometimes I really hate the Midwest's modest and timid approach to development.
It's a really transformative acquisition for Olin. Hopefully they can close the deal for the markets get any crazier.
As for office space, I imagine this change will somewhat similar to Laclede Gas buying Missouri Gas Energy and Alagasco. Maybe they'll add a few employees and look for some new space, but not to the extent of ground-up new construction.
As for office space, I imagine this change will somewhat similar to Laclede Gas buying Missouri Gas Energy and Alagasco. Maybe they'll add a few employees and look for some new space, but not to the extent of ground-up new construction.
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I see ConAgra is moving its HQ to Chicago from Omaha.... hopefully Ralcorp will come back to downtown Saint Louis when the sale is made.
http://www.stltoday.com/business/local/ ... 761e0.html
http://www.stltoday.com/business/local/ ... 761e0.html
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Deal is proceeding quickly. I'm hearing the deal could be completed as soon as next month.moorlander wrote:moorlander wrote:Centene acquiring Health Net in $6.8 billion deal
http://www.bizjournals.com/stlouis/morn ... 1435838074
Centene was 186 on the Fortune 500 last year. After this acquisition I see them jumping about 100 spots. Another fortune 100 company!
Tough loss for Omaha - losing the corporate HQ of a Fortune 500 that's been there for nearly 100 years and a ton of jobs (ConAgra is cutting 1,000 jobs in Omaha and relocating another 300 to Chicago). Chicago/Illinois attracting jobs from a smaller midwestern city with tax credits is reminiscent of Clayco's move a couple years ago. There's also a similar personal element (Clayco's Bob Clark lived in Chicago before the move, ConAgra's CEO is from Winnetka, Illinois). Also, reminds me of Atlanta attracting NCR out of Dayton. In each case the company up and left without really giving the hometown a chance - and not because of a merger or acquisition, just because they (or at least the CEO) wanted to.roger wyoming II wrote:I see ConAgra is moving its HQ to Chicago from Omaha.
Hopefully Ralcorp - or at least its remaining assets and infrastructure - winds up being acquired by Post and this strange saga ends up being a wash or even net gain for St. Louis jobs. Either way, unfortunate news for Omaha.
^ To put a little salt in the wound. They also note they plan to start outsourcing back office and IT. St. Louis could benefit in the mess after taking the initial hit.
I also find it ironic that the state of state affairs with Illinois government is not really a concern for most corporations. At the end of the day it is how much of tax subsidy they can get out of the deal and Illinois & Chicago are willing to oblige even though their finances are in the tank. Even more ironic in this deal, how many folks coming from Omaha are really going to relocate to the city when the mayor the week before threaten a huge rise in property taxes. But I'm sure their is some well to do suburbs and real estate agents happy about the news.
But Like Wabash noted, it is almost like the executives simply want to be in top tier city for the sake of being in such. But I also think that airline consolidation has really changed the landscape indirectly. Corporations who pick up and relocating appear to be looking solely at cities/metro with an airport hub unless I'm missing something. In other words, Austin might be exploding with jobs but a lot of the big corps still look for the New York, Chicago, Atlanta of the world for their HQ.
I also find it ironic that the state of state affairs with Illinois government is not really a concern for most corporations. At the end of the day it is how much of tax subsidy they can get out of the deal and Illinois & Chicago are willing to oblige even though their finances are in the tank. Even more ironic in this deal, how many folks coming from Omaha are really going to relocate to the city when the mayor the week before threaten a huge rise in property taxes. But I'm sure their is some well to do suburbs and real estate agents happy about the news.
But Like Wabash noted, it is almost like the executives simply want to be in top tier city for the sake of being in such. But I also think that airline consolidation has really changed the landscape indirectly. Corporations who pick up and relocating appear to be looking solely at cities/metro with an airport hub unless I'm missing something. In other words, Austin might be exploding with jobs but a lot of the big corps still look for the New York, Chicago, Atlanta of the world for their HQ.
Yup. Strange world.dredger wrote: I also find it ironic that the state of state affairs with Illinois government is not really a concern for most corporations.
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Looks like the deal is official. Treehouse has purchased Ralcorp. Anybody have a clue what this means for Ralcorp in STL?
http://www.bizjournals.com/stlouis/morn ... 1446472287
http://www.bizjournals.com/stlouis/morn ... 1446472287
From PD updated article. The comment that might be helpful is that they hired some one local to manage the acquisition. I think the corporate community in some respects see advantage of St. Louis back office location. Maybe an expanded IT role.
http://www.stltoday.com/business/local/ ... a0e1a.html
TreeHouse CEO Sam Reed told the Post-Dispatch that the company plans to keep the St. Louis office open. “We intend to make St. Louis a key administrative center for the company,” Reed said.
TreeHouse has hired former Ralcorp CEO Kevin Hunt as a senior adviser to assist in integrating the business, and Hunt lives in the St. Louis region.
http://www.stltoday.com/business/local/ ... a0e1a.html
TreeHouse CEO Sam Reed told the Post-Dispatch that the company plans to keep the St. Louis office open. “We intend to make St. Louis a key administrative center for the company,” Reed said.
TreeHouse has hired former Ralcorp CEO Kevin Hunt as a senior adviser to assist in integrating the business, and Hunt lives in the St. Louis region.
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Chemical company moving its HQ to STL from Cleveland; eyeing 11,000 SF downtown:
http://www.stltoday.com/business/local/ ... 7b48b.html
http://www.stltoday.com/business/local/ ... 7b48b.html
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^ downtown Clayton that is. They are moving in the PNC building in Clayton
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^ still good for the region, but that really bites.