Arthur J. Gallagher looks to expand HQ campus.
ROLLING MEADOWS -- Insurance giant Arthur J. Gallagher & Co. is planning to expand on its Golf Road campus with a new four-story building that would house 700 new employees. The move hinges on state and local tax incentives that may just be enough for the company to choose to build in the suburbs rather than lease cheaper space on a site near Houston.
The decision of the country's fourth-largest commercial insurance brokerage to expand comes as the company looks to grow its core business services, officials say. It comes nearly two years after Gallagher returned to its one-time Rolling Meadows corporate campus following 26 years at an office building in Itasca.
The company has proposed construction of a new four-story office building on a 352,000-square-foot parcel near a parking garage on the campus. The estimated $45.6 million development would include state-of-the-art conference areas, "huddle" rooms, phone rooms and workstations.
With the additional space, Gallagher expects to create 700 full-time permanent positions over the next five to seven years.
While the company has eyed the Rolling Meadows site for its expansion, company brass have also evaluated potential sites near Houston, where the business has 460 employees.
Business assistance offered by Cook County and the state of Illinois would be "a major component" in the potential decision to stay in Rolling Meadows, company officials wrote in an application for a county tax incentive.
NCH buys building to consolidate services
ARLINGTON HEIGHTS -- Avison Young recently negotiated the acquisition of a 123,944-square-foot office building at 3040 Salt Creek Lane in Arlington Heights for Northwest Community Healthcare.
Avison Young Executive Vice President Mark Johnson, a health care specialist located in the Chicago office, represented Northwest Community Healthcare in the purchase of the property. The sale price was not disclosed.
NCH is moving operations from its nearby 3060 Salt Creek Lane property, where it occupied 50,000 square feet. Avison Young has also been engaged to oversee the disposition of the former office facility on behalf of NCH.
"With the purchase of 3040 Salt Creek, NCH has more than doubled its business support square footage," Johnson said. "This allows the organization to consolidate its nonclinical financial and support services within one strategic location, increasing workflow efficiency and cost effectiveness."
NCH has started a phased, move-in process into the new property. Known as the health system's Shared Services Center, the facility will house nonclinical business operations and support services staff.
Middleby acquires Crown Food Service
ELGIN -- The Middleby Corporation said it has acquired Crown Food Service Equipment, Ltd., a designer and manufacturer of steam cooking equipment for the commercial food service industry.
Terms of the acquisition were not announced.
The Toronto, Canada-based company was founded by the late Mr. Josef Stritzl nearly 40 years ago and has approximately $20 million in annual revenues.
Middleby Chairman and CEO Selim A. Bassoul, said the acquisition is in line with others the company has made in the steam cooking category, including the acquisitions of Firex and Market Forge.
Group President John Perruccio will oversee the Middleby steam group, in addition to continuing responsibilities for the Southbend and Star brands, Bassoul added.
Chamber president: Amazon's arrival signals 'active market'
ELGIN -- Amazon's plans to open a delivery station in Elgin is the latest example of "an incredibly active market" in the city, the local chamber of commerce president said.
Amazon is leasing part of a building at 2450 Northwest Parkway off Randall Road, said Carol Gieske, president and CEO of the Elgin Area Chamber of Commerce. "It's very exciting. Everywhere we go, people are so excited to hear that Amazon has located in the community," she said.
The new delivery station will create hundreds of full-time and part-time job opportunities, the company said.The city has a $275,000 yearly contract for economic development services with the chamber, which funnels the money to its in-house Elgin Development Group.
Tony Lucenko, EDG economic development director, said Elgin has 80 percent of the industrial space in the Northwest suburban corridor including Schaumburg and Hoffman Estates. Vacancy rates in Elgin are at a 20-year low, or 6.1 percent for industrial space and 3.7 percent for retail space as of Thursday, Lucenko said.
Village parting ways with longtime attorney
BUFFALO GROVE -- For as long as most Buffalo Grove residents remember, a Raysa has been village attorney.
Bill Raysa was appointed to the post in 1977, after two years as deputy village attorney. Before him, his father, Richard Raysa, served 19 years as village attorney.
All that comes to an end in January, when the village begins its relationship with the Chicago law firm Schain Banks Kenny Schwartz LTD.
The village board this week authorized Village Manager Dane Bragg to negotiate an agreement with the firm, which was one of eight that responded to requests for proposals to handle the village's legal matters, Purchasing Manager Brett Robinson said.
Raysa's firm, Tressler LLP, also put in a bid. Despite the pending breakup, Raysa had positive things to say about the village.
Schain Banks is a large firm, with 23 attorneys. That gives them a deeper bench, village officials said.
Joy Organics opens store at Deer Park Town Center
DEER PARK -- Joy Organics announced Wednesday it will open a store in Deer Park Town Center.
The CBD company, which sells family-friendly THC-free oils, softgels, salves, dog treats, and energy drink, will host an official grand opening event Sunday, Dec. 16, from 1 to 5 p.m. that will feature champagne and hors-dourves, live music, free gift-wrapping, and giveaways. The store is at 20530 N. Rand Road.
Joy Organics has two other locations in Fort Collins, Colorado and Austin, Texas. The expansion is indication to the growing popularity of CBD as a natural alternative to medications for common ailments as sleeplessness, anxiety, pain and inflammation. It is also a testament to the quality and increasing demand for Joy Organics products.
The store is owned and will be managed by Sandra McFarland, who has lived in the Deer Park area for more than 20 years. The store also will offer other items devoted to healing for the body, mind and spirit including handmade pottery from FarmHouse Pottery in Vermont, furniture Lovebeads from Rich Hippie Design, Capri Blue candles.
Chicago Custom Foods tabs CEO
ELK GROVE VILLAGE -- Chicago Custom Foods, the maker of Kernel Season's popcorn seasonings and Tasty Shakes oatmeal add-ins, announced that Jason Roy has been promoted to chief executive officer, effective immediately. Roy, previously COO, has been with Chicago Custom Foods since 2003, leading the operating functions as the company grew from a small startup to the market leader in the popcorn seasoning category. Over the years, Roy has been instrumental in executing the company's strategic plan and facilitating organic growth as the business increased more than twentyfold.
"I am excited about my new role.
For almost 20 years Chicago Custom Foods, through its Kernel Season's offerings, has been on a mission to save popcorn-lovers from the disappointment of consuming naked popcorn," Roy said. "We have been very successful, but still have more work to do on that front, and the company has tremendous opportunities to continue its growth trajectory.
CDK Global names new chief executive officer
HOFFMAN ESTATES -- CDK Global Inc., an enabler of end-to-end automotive commerce based in Hoffman Estates, announced that Brian Krzanich, 58, former chief executive officer of Intel, joined CDK Global as president and CEO and a member of the board of directors.
Krzanich succeeds Brian MacDonald who will assist in the transition at the company that has $2 billion in revenues. "In evaluating the future of CDK, the board and Brian MacDonald concluded that this is the right time to bring in a proven technology CEO to drive top-line growth and help CDK take full advantage of its many opportunities," said Leslie Brun, chairman of the board at CDK Global. Krzanich served as Intel's CEO from May 2013 to June 2018.
PPC Flexible Packaging acquires Temkin International
BUFFALO GROVE -- PPC Flexible Packaging LLC said it will acquire Payson, Utah--based packaging company Temkin International. Terms of the acquisition were not announced.
Temkin International, founded in 1980, is a provider of rollstock, stand-up pouches and floral sleeves. It operates manufacturing facilities in Payson and Bogota, Colombia with offices in Miami, Fla. and Toronto, Canada. Offering in-house graphics and plate making capability, the company is known for speed to market in key target segments including food, fresh produce, floral and stationary and craft. The company is AIB certified.
PPC Flexible CEO Kevin Keneally, said the acquisition will give the company a west coast and South American presence, which "provides us deeper capabilities in stand up pouch, plate making and flexographic printing."
The combined company will operate under the name PPC Flexible Packaging and its market strategy for the produce and floral segments will continue to operate under the Temkin brand.
PPC provides flexographic printing and converting of flexible films, bags and pouches. PPC is a recognized pioneer in cleanroom packaging for health care and medical applications, "better for you" snack organic brands, produce, pet food and bakery. The firm operates three manufacturing facilities in Buffalo Grove, Mission, Kan., and Rome, Ga.
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|Title Annotation:||Biz Ledger|
|Publication:||Daily Herald (Arlington Heights, IL)|
|Date:||Dec 17, 2018|
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