Flexsteel Industries To Relocate Global Headquarters in Port of Dubuque
April 01 2011 - 6:00AM
Business Wire
Flexsteel Industries, Inc. (NASDAQ: FLXS), the nation’s eighth
largest furniture manufacturer, announces plans to construct a $12
million, four-story, 40,000 square foot, corporate office building
at the corner of Fifth and Bell streets in the Port of Dubuque.
Construction of the building is contingent upon approval and
financial assistance from governmental entities at state and local
levels. If these approvals are received on a timely basis,
construction would begin in July 2011 with completion scheduled for
early Summer 2012.
“Our corporate offices have been at the north Jackson Street
location since 1936,” said Ron Klosterman, President and Chief
Executive Officer. “After 75 years, the office facility is
out-of-date both structurally and technologically. Our business has
changed over the past 118 years and continues to evolve.” “We
appreciate the dedication shown by our associates and we are
excited about the opportunity to provide them with a
greatly-improved working environment, both aesthetically and
functionally,” added Klosterman.
Following both Flexsteel’s and the City of Dubuque’s commitment
to environmental sustainability, the building will be designed to
be energy-efficient and environmentally friendly, including a
design that utilizes large windows to make use of natural light.
The new corporate office will feature Flexsteel’s world-class
products throughout, including our DMI commercial office, Flexsteel
hospitality and home furnishings lines. The building will allow for
expansion to take advantage of future growth opportunities.
“We see the new headquarters as an ideal place to conduct
business and show our visitors the natural beauty of the expanding
Port of Dubuque. As we expand on the success of the area and
continue our investment in our vital and growing community, we are
confident that this is a great location for our corporate offices,”
says Justin Mills, Director of Advertising & PR. “The new
global headquarters building will be adjacent to the City’s Port of
Dubuque parking ramp,” added Mills.
Flexsteel employs 1,250 people worldwide at facilities/offices
in Iowa, Arkansas, California, Georgia, Indiana, Kentucky,
Mississippi, Pennsylvania, Mexico, China, Thailand and Vietnam.
There are 315 employees in Dubuque, Iowa, including the
approximately 100 associates that will be relocated to the new
building. These employees provide administrative and management
services to the global operations of Flexsteel and its wholly-owned
subsidiary DMI. Additionally, these employees manage residential
and commercial products in areas including design, manufacturing,
marketing, supply-chain management, purchasing, engineering,
advertising, customer service, credit management, information
systems, and accounting.
Flexsteel Industries Inc., is publicly traded on the NASDAQ
Global Market (FLXS) and is one of approximately twenty publicly
traded companies headquartered in Iowa and only one of two in
Dubuque. Flexsteel was incorporated in 1929. With a proven success
story that includes sales strength and profitability, Flexsteel
designs, manufactures, imports and markets quality upholstered and
wood furniture for the residential, commercial office, hospitality
and recreational vehicle markets. For more information on
Flexsteel, please visit www.flexsteel.com.
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