A San Carlos, California-based paint retailer is relocating its headquarters to North Texas.
American retail manufacturer Kelly-Moore Paint Co. will relocate its corporate headquarters from California to North Texas following approval of a recent $75,000 economic incentive grant from the City of Irving.
As part of the economic agreement with the city, Kelly-Moore will be required to move into its new headquarters by the end of 2024. The company’s new 15,000-square-foot corporate workspace will be located at 500 E. John Carpenter Fwy. in Las Colinas, the Dallas Business Journal reported.
In addition to the December 2024 deadline, Kelly-Moore must create 30 full-time positions within the company with an average salary of $100,000, per the economic agreement. The independent retailer currently operates a total workforce of 1,200 employees across 157 stores throughout California, Nevada, Oklahoma, and Texas.
By relocating the company’s corporate headquarters to North Texas, Kelly-Moore will reportedly be able to improve production and innovation as well as develop a firmer grasp on manufacturing operations, according to Charles Gassenheimer, CEO of Kelly-Moore.
“Since centralizing our multiple manufacturing facilities in Hurst, Kelly-Moore has enjoyed all that the North Texas community offers, and we look forward to increasing our engagement with the local community,” said Gassenheimer in a statement reported by DBJ.
By aligning the company’s nearly 160 U.S. retail stores with manufacturing and distribution activity out of North Texas, Gassenheimer suggested the company has found a winning formula to drive future growth and success nationally.
“The engine of our business is our Hurst manufacturing plant,” he told The Dallas Morning News.
“By putting the headquarters right in the center of the country it allows us to open up our prospective vision,” said Gassenheimer, per the DMN. And, in practice, “it made sense to me to put our corporate headquarters close to our manufacturing facility,” he explained.
Kelly-Moore joins a growing number of notable companies that have made the switch to Texas for its business-friendly, pro-growth, and low-tax environment. Still, while many companies choose DFW for these reasons, in many cases the opposite is true for the city of Dallas.
Prominent companies that have relocated to the state include the PGA of America in 2018, Charles Schwab in 2019, CBRE in 2020, AECOM in 2021, and Caterpillar in 2022, among many others, as previously reported by The Dallas Express.