St. Joe's MBA moves his $2B company home to Philly
Barry Pennypacker is relocating Gardner Denver Inc. to the Philadelphia area.
St. Joe's MBA moves his $2B company home to Philly
Joseph N. DiStefano
Gardner Denver, Inc.'s decision to move its global headquarters and legal, computer and financial services, away from its pump and compressor plants in the Mississippi River town of Quincy, Ill., to the Philadelphia area (site as-yet undetermined), followed a "relocation analysis with the help of an external consultant" in search of better "accessibility to (U.S. and foreign) customers," plus "a broader pool of local professional" job applicants, CEO Barry L. Pennypacker said in a statement yesterday.
Pennypacker didn't mention that he's a graduate of Penn State and St. Joe's MBA program; since CEO preference is an important part of corporate location, we don't think that hurt this region's chances. He did thank " the Pennsylvania Governor's office and Select Greater Philadelphia" for helping sell his company on Philly (what did they give the company, exactly?) Gardner Denver is a publicly-traded company with sales of $1.8 Billion in pumps, compressors, and cargo-transfer equipment.
Headline says 2 billion, story says 1.8 million.— macadittles- Looking at their 2009 Annual report, it looks like $1.8B— SoJerseyGuy
- Sounds like Congress, million, billion, trillion it's all the same— herewego
- Yep it's B Billion. Like the headline says. Thanks all. Joe D.— distefj
- It's a big industrial manufacturing company with a great niche in some of the growing sectors such as energy. A good "win" for the greater Philly area, but unfortunately, it looks like the company won't be filling-in some empty spaces in Center City Philly but rather some corporate campus in King of Prussia or another suburban location.— phillyaggie
- Welcome home. We're glad you're back.— jwaddellpa
