Columbia Sportswear Purchases New Facility for Headquarters.Business Editors PORTLAND, Ore.--(BUSINESS WIRE)--Nov. 1, 2000 International outdoor apparel and footwear manufacturer Columbia Sportswear Columbia Sportswear Company NASDAQ: COLM is a United States company that manufactures and distributes outerwear and sportswear. Founded in 1938 by the late Paul Lamfrom, father of present chairperson Gert Boyle, the company is headquartered in Portland, Oregon. Company(R) (Nasdaq:COLM COLM Column COLM Colorado National Monument (US National Park Service) COLM Committee On Lay Ministry ) announced today that it has purchased a new facility for its corporate headquarters from Minneapolis-based ADC Telecommunications ADC Telecommunications (NASDAQ: ADCT) is a communications company located in Eden Prairie, Minnesota, a southwest suburb of Minneapolis. History In 1935, Ralph Allison founded ADC Telecommunications in the basement of his south Minneapolis home, inventing ADC's very , Inc. The transaction closed October 31, 2000. Columbia paid $13 million for the 188,500 square foot structure, which is located in Washington County Washington County is the name of 30 counties and one parish in the United States of America, all named for George Washington. It is the most common county name in the United States. in the State of Oregon. The new headquarters complex, which is comprised of three adjoining buildings, is situated on 7.82 acres and will house Columbia's corporate headquarters and the Company's research, design and development facilities. "Columbia Sportswear has experienced dramatic growth in the past five years, and we're finding that the space we have occupied for decades no longer meets our needs," said Tim Boyle, Columbia's President and Chief Executive Officer. "We plan to slightly renovate the new buildings and anticipate that we will move to the new location within one year." One of the buildings is currently occupied by ADC's Access Products Division, which plans to lease that space back from Columbia Sportswear until July 2001. ADC (1) See A/D converter. (2) (Apple Display Connector) A peripheral connector from Apple that combines digital video display, USB and power in one cable. will then move to its new facility in the Tanasbourne Corporate Park. Founded in 1938 in Portland, Ore., Columbia Sportswear Company is a global leader in the design, manufacture, marketing and distribution of active outdoor apparel and footwear. As one of the largest outerwear manufacturers in the world and the leading seller of skiwear ski·wear n. Clothing appropriate for various types of skiing. in the United States, the Company has developed an international reputation for quality, performance, functionality and value. To learn more about Columbia Sportswear, please visit the Company's Web site at www.columbia.com. |
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