Carpenter has announced plans to relocate its corporate headquarters from Wyomissing, PA, to the city of Philadelphia.
According to the company, the move will support Carpenter's strategy to leverage its core technical strength in engineered materials and process capabilities, while solidifying its position as an industry leader. ‘This new headquarters location will allow the company to deepen its customer relationships and play a more integral role in the development of its customers' products,’ it said in a press release.
The new Philadelphia location will be home to approximately 100 positions, while nearly 2,300 Carpenter personnel will remain in Reading, PA. The company noted that no planned job reductions are part of the relocation, and the relocation is not expected to have any material increase in overall expenses.
‘Carpenter is positioning itself for continued growth,’ said Tony R Thene, Carpenter's president and CEO. ‘As we have expanded our manufacturing footprint and sales presence over the past decade, it has become more important to raise our visibility, broaden our talent pool, and improve access to our customers and partners.’