Andrew Corporation, a global leader in communications systems and products, has chosen a site along the Joliet-New Lenox border in Will County to which it will relocate its existing Orland Park cable products manufacturing operations.
Andrew has signed a letter of intent for a 15-year lease agreement with Northern Builders Inc., which will construct, own, and manage the approximately 570,000 square foot build-to-suit office and manufacturing facility on 47 acres in the Cherry Hill Business Park, Joliet. The pending agreement, contingent on completion of due diligence and resolution of local and state credit and incentive opportunities, calls for construction completion by late 2006. The facility will house approximately 800 employees now based in Orland Park in cable products manufacturing and various staff functions. Relocation is expected in 2007.
The site selection follows Andrew's agreement, announced in August, to sell its long-time Orland Park property and relocate to two separate Chicago area facilities for its corporate headquarters and cable products manufacturing. Approximately 150 Orland Park employees will relocate in early 2006 to Andrew's new corporate headquarters facility in west suburban Westchester.
"Our new facility will be a world-class workplace and a showcase for operational excellence in manufacturing," said John DeSana, group president, Antenna and Cable Products, Andrew Corporation. "We look forward to creating a facility for which our employees and the community will be proud and which builds on Andrew's great 68 year history in the Chicago Southland."
Cherry Hill Business Park is a 1,200 acre development on the south side of Interstate 80 near the new Interstate 355 extension, and one mile from two four-way I-80 interchanges at Route 30 in New Lenox and Briggs Street in Joliet.
About Andrew Corporation
Andrew Corporation (NASDAQ:ANDW) designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market. The company serves operators and original equipment manufacturers from facilities in 35 countries. Andrew (http://www.andrew.com/), headquartered in Orland Park, IL, is an S&P 500 company founded in 1937.
Forward Looking Statements
Some of the statements in this news release are forward looking statements and we caution our stockholders and others that these statements involve certain risks and uncertainties. Factors that may cause actual results to differ from expected results include fluctuations in commodity costs, the company's ability to integrate acquisitions and to realize the anticipated synergies and cost savings, the effects of competitive products and pricing, economic and political conditions that may impact customers' ability to fund purchases of our products and services, the company's ability to achieve the cost savings anticipated from cost reduction programs, fluctuations in foreign currency exchange rates, the timing of cash payments and receipts, end use demands for wireless communication services, the loss of one or more significant customers, and other business factors. Investors should also review other risks and uncertainties discussed in company documents filed with the Securities and Exchange Commission.
Andrew Corporation
News Media Contact:
Rick Aspan, 708-349-5166
publicrelations@andrew.com
or
Investor Contact:
Scott Malchow, 708-873-8515