Racine-based S.C. Johnson has agreed to purchase the Sturtevant building being vacated by Sealed Air Corp.
The company expects the purchase to be finalized in November, said Jam Stewart, a spokesperson for S.C. Johnson. The 277,000-square-foot building will be leased back to Sealed Air through 2015, and will then be modified for S.C. Johnson’s purposes. The company expects to move employees into the building in spring 2016, but has not yet determined which functions will be based there.
While the purchase price was not disclosed, “this will be a significant investment and further demonstrates our commitment to the area,” Stewart said.
Sealed Air announced in July that it will move its headquarters and 1,300 jobs, including all 300 in Sturtevant, to Charlotte, N.C. The company, which is currently headquartered in Elmwood Park, N.J., acquired Sturtevant-based sanitation solutions firm Diversey Holdings Inc. in 2011. At the time, Diversey had 10,000 employees and net sales of $3.1 billion.
Sealed Air, which develops food packaging, shipping, cleaning and hygiene solutions, will begin moving its operations in mid-2015.
The Sealed Air building, located at 8310 16th St., is across the street from S.C. Johnson’s Waxdale manufacturing facility, and has open collaboration spaces, state-of-the-art laboratories, and a full-service cafeteria and gym, Stewart said.
S.C. Johnson manufactures several brand name household products, including Windex, Glade, Off!, Raid, Pledge and Scrubbing Bubbles. The company is privately held by members of the Johnson family. More than 3,000 S.C. Johnson employees are based in Racine.