TCP, Inc. Expands Its West Coast Operations
Energy efficient lighting innovator relocates distribution center
Aurora, OH (June 5, 2008) - TCP, Inc., the world's largest manufacturer of energy efficient lighting products, announces the relocation of its west coast distribution center and warehouse to the Massie Industrial Park in Stockton, California. The 130,000-square-foot building features state-of-the-art radio frequency technology, 10 loading docks, and office and meeting spaces. The new facility, which opens on July 1, will bring as many as 30 new jobs to San Joaquin County.
Increased global demand for TCP's energy efficient lighting products required the company relocate to a larger facility from their current location in Sacramento. The move will allow for faster delivery to 11 western states as well as Alaska and Hawaii.
"San Joaquin County clearly has the kind of growth potential we look for when we seek prime locations for our continued global expansion," said Charlie Gallagher, Director of Operations, TCP, Inc. "The convenience of the location to the Port of Oakland provides the accessibility that is critical to quickly receiving products and then shipping them to our customers in the western United States."
The distribution center can house as many as 12 million lighting products, which range from energy efficient compact fluorescent lamps (CFLs) and fixtures to cold cathode and LED lamps.
TCP worked closely with the San Joaquin Partnership, a private non-profit Economic Development organization, and Synergy Real Estate Group, Corporate Advisory Group, a premier California tenant representation and commercial real estate advisory firm, to find a location that could accommodate the company's current needs as well as allow for future expansion, including the addition of light assembly operations.
"TCP is a great example of the type of fast-growing, global companies we are working to attract to our community," said Michael E. Locke, San Joaquin Partnership president & CEO. "They produce a high-quality, progressive, environmentally-conscious product; they have an international reputation for excellence and a strong commitment to their employees. We appreciate the economic impacts and the employment opportunities they are providing for our County and our residents."
With its focus on energy efficient lighting products, TCP is strongly committed to sustainability in all aspects of its business, which also factored into its decision to set up operations at the new location. The facility is owned by ProLogis, the world's largest owner, manager and developer of distribution facilities - a company with a focus on sustainability that parallels TCP's sustainability business model.
About TCP, Inc.
TCP, Inc. is the global leader in energy efficient lighting innovations dedicated to creating high-quality products that are brighter, longer lasting and better for the environment. Headquartered outside Cleveland, Ohio, the company manufactures nearly 1.4 million energy saving compact fluorescent light bulbs (CFLs) every day, accounting for a majority of the CFLs sold in the United States and an annual reduction in carbon dioxide emissions of more than 118 million pounds. The company markets a variety of energy efficient lighting products for professional, specifier and consumer markets under several brands including n:vision at The Home Depot, SpringLight, and ecoVations. TCP's extensive product line extends beyond CFLs and includes LED lamps and fixtures, cold cathode lamps, exit and emergency lighting, HID, decorative and outdoor fixtures, as well as the first ever linear lamp, ballast and fixture offering. TCP is a privately held company, employing more than 15,000 people globally and totaled more than $300 million in sales in 2007, a more than fivefold increase since 2000. For more information, visit us at www.tcpi.com or call (800) 324-1496.
About San Joaquin Partnership
The San Joaquin Partnership is a non-profit private economic development organization. Its cumulative impacts over the past 16 years are impressive: 307 projects generating more than 49,000 jobs, $7.8 billion in industry output and $2.1 billion in annual labor income.
About Synergy Real Estate Group, Corporate Advisory, LLC
Synergy Real Estate Group, Corporate Advisory LLC is a premier California tenant representation and commercial real estate advisory firm. Synergy's services cover a wide range of real estate needs from strategic planning, site selection services, lease negotiations, lease renewals, expansion to relocation to utility, tax & incentive support.
Synergy specialize in real estate consulting and tenant representation for companies seeking to lease and purchase space. For additional information about the companygo to: www.synreg.com.
Contact:
April Wonsick
(216) 373-8272
awonsick@liggett.com
