Glatfelter moving HQ, about 50 employees from York City to North Carolina
Glatfelter will relocate its corporate headquarters from York City to Charlotte, North Carolina, this summer.
The company has approximately 70 employees at its headquarters at 96 S. George St. in York City, and many are expected to relocate, spokeswoman Eileen Beck said Tuesday.
“We are estimating approximately 50 to 60 positions will transition to Charlotte over time," she said in an email. “As part of the transition, we will be evaluating work-from-home arrangements for employees whose jobs are conducive to this approach. “
The news came in Glatfelter's fourth-quarter shareholder report, which was released Thursday, Feb. 6.
Glatfelter no longer has a manufacturing presence in York County after selling its specialty papers division in Spring Grove to Pixelle Specialty Solutions in 2018 for $360 million. That sale reduced the firm's workforce in Pennsylvania by 90%.
Beck said the first phase of employee relocations to North Carolina are targeted for this summer.
“(It) primarily consists of our U.S. senior executive team and a few additional key managers,” Beck said. “We will continue to operate a satellite office in York to facilitate a more thoughtful and planned transition to the new headquarters."
Beck said Glatfelter’s headquarters have been located in York City since 1999. The company was founded 156 years ago.
“Our decision to move Glatfelter’s headquarters to a larger metropolitan area is another important step in our ongoing transformation,” CEO Dante C. Parrini said in a statement. “Charlotte provides enhanced access to a larger pool of critical resources and talent for future growth, and the Carolinas are a leading hub for the broader nonwovens industry."
Glatfelter also operates a manufacturing mill in Fort Smith, Arkansas, and a sales office in Georgia, Beck said.
Glatfelter announced in August 2018 that its specialty papers business unit, which included the Spring Grove location, had been sold to the private investment firm Lindsay Goldberg, the parent company of Pixelle.
Additionally, Lindsay Goldberg assumed $250 million in pension liabilities related to the employees and received about $300 million in related assets from Glatfelter's existing pension plan.
The Spring Grove plant had more than 750 employees at the time of the sale.
— Ron Musselman can be reached at email@example.com or via Twitter at @ronmusselman8.