The corporate headquarters for Liqui-Box will remain in Worthington, taking advantage of a $44,100 venture grant offered by the city.
The company plans to sell its 60,000-square-foot building at 6950 Worthington-Galena Road and move to a leased space at 460-480 Schrock Road.
The 24,000-square-foot site is all that is needed for the company, which no longer manufactures its bag-in-box packaging in Worthington.
The company's leadership decided to keep its 40 employees in its corporate office after working with city economic development officer Jeff Harris for several months.
Harris said he was pleased to see another corporate headquarters decide to remain in the city, adding that economic development sometimes is as much about retaining businesses as it is about attracting new businesses.
"Mr. Harris has been working on this for some time," City Manager Matt Greeson told Worthington City Council on July 14. "Kudos to him."
The venture grant will help offset the cost of upgrades to the electrical system at the company's new headquarters. It will be paid over seven years.
The availability of the Worthington-Galena Road building also could be a plus for the city. It is a 60,000-square-foot food-processing plant with a rail spur, a site amenity that is valuable and difficult to find, Harris said.
"There are not many in Ohio," he said.
Liqui-Box will make the move later this summer, he said.
According to its website, Liqui-Box is a "world leader in bag-in-box and pouch packaging solutions for the dairy, beverage, wine and bulk-food industries."
Liqui-Box manufactures bag-in-box flexible packaging and pouches to serve a wide variety of industries, including global dairy, beverage and bulk food markets. Applications include fountain-beverage syrups, bar mixes, juices, milkshake mix, coffee drinks, such liquid foods as concentrates and sauces and such nonfood products as oils and paints. Liqui-Box is a portfolio company of the Sterling Group, a Houston-based middle-market private equity firm with more than 30 years of experience in improving and expanding packaging and other industrial businesses.