Mohawk Extends Lease at Ohio Converting Facility
Mohawk, Cohoes, N.Y., the manufacturer of fine papers, envelopes and specialty substrates for commercial and digital printing, announced it has extended the lease on its converting center and warehouse facility in Ashtabula, Ohio, through December 2022. The decision to extend the current lease beyond its original term reflects Mohawk's commitment to expanding its envelope converting operations.
Working closely with the owner of the property, Saybrook Investment Corporation, Mohawk extended the term of original lease, set to expire in 2017, for an additional five-year period.
"We are very pleased to continue building on our strong working relationship with Saybrook Investment Corporation, the facility's landlord," said Jack Haren, president and chief financial officer for Mohawk. "We're experiencing significant growth in our envelope converting operations at our Ashtabula facility and are confident in the long-term opportunities that are present there. Mohawk is committed to providing a stable work environment for our employees and continuing to create new employment opportunities in Ashtabula County."
"We are extremely excited about the prospect of having Mohawk as one of our most valued tenants through the year 2022," said Edward B. Dunlap, CEO of Saybrook Investment Corporation. "We began our business relationship with Mohawk in March of 2008, and by the time this latest lease extension will expire, we will have had the experience of dealing with one of the finest companies in the paper industry for almost a decade and a half. Mohawk is truly a great asset to the local community, the county, and the state of Ohio."
Since January 2014, Mohawk has hired nearly 100 new employees and has invested more than $2 million in equipment additions and upgrades in the company's state-of-the-art converting center to expand its envelope manufacturing operations.
The company, one of Ashtabula County's largest manufacturing employers, plans further growth with intent to hire 20 to 30 new employees this year.
"Mohawk has always been a great stabilizer for employment in Ashtabula County. We want to protect every job we can, and the positions at Mohawk are well-paying jobs with benefits, so we were extremely pleased that the Mohawk lease was extended," said Peggy Carlo, Ashtabula County commissioner. "This is a huge investment in the county and we thank Mohawk, Ed Dunlap of Saybrook Investment Corp. and everyone involved with this venture."
For more information, visit www.mohawkconnects.com.