Rexnord Corporation to Relocate Corporate Executives to Global Water Center
MILWAUKEE – March 31, 2014 – The Water Council announced today that Rexnord Corporation will be relocating a number of their executives and corporate teams to the Global Water Center, a 98,000 sq. ft., seven-‐story, former warehouse designed to house water-‐related technology development facilities for universities, established businesses and entrepreneurs.
Rexnord currently leases space in the Global Water Center, along with 30 other water-‐related organizations, but this new agreement will expand Rexnord’s presence when corporate offices relocate from West Milwaukee. Preparations are currently being made for the move, which is targeted for summer 2014. Rexnord will occupy space on two floors, totaling approximately 14,000 sq. ft. and bringing total occupancy of the Center to 85%.
The news of Rexnord deciding to locate its corporate executives in the Center is “a very significant demonstration of Milwaukee continuing to thrive as a leader in the global water economy,” said Dean Amhaus, president and CEO of The Water Council.
The Global Water Center, located at 247 West Freshwater Way in the heart of historic Walker’s Point, is the physical hub and cornerstone of Milwaukee’s global water cluster. The site acts as a water research, education and business accelerator facility. The project vision was to design a space that will bring university researchers together with industry experts to create synergies and connections, resulting in new businesses and jobs in the water technology sector. The Water Council has hosted over 15 international delegations, numerous government officials and water industry professionals at the Center.
Amhaus stated, “It is clear that global water technology companies are attracted to the Global Water Center to have first-‐hand access to entrepreneurs, researchers and students developing new technologies for the freshwater industry.”
About The Water Council
The Water Council, the only organization of its kind in the United States, was established in 2009 by Milwaukee-‐area businesses, education and government leaders. With more than 150 water technology companies in the Milwaukee area, the region’s water industry is a $10.5 billion dollar market and accounts for four percent of the world’s total water business. The non-‐profit organization, consisting of more than 160 members is linking together global water technology companies, innovative water entrepreneurs, acclaimed academic research programs and, most importantly, some of the nation’s brightest and most energetic professionals. The Water Council is capturing the attention of the world and transforming the Milwaukee region into a World Water Hub for freshwater research, economic development and education. For more information, visit www.thewatercouncil.com or contact us by phone at 414-‐988-‐8750.
About Rexnord Corporation
Headquartered in Milwaukee, Wisconsin, Rexnord is comprised of two strategic platforms, Process & Motion Control and Water Management, with approximately 7,400 associates worldwide. The Process & Motion Control platform designs, manufactures, markets and services specified, highly-‐engineered mechanical components used within complex systems. The Water Management platform designs, procures, manufactures and markets products that provide and enhance water quality, safety, flow control and conservation. The platform generates approximately $800 million in revenue and conducts business in 35 countries around the world. Additional information about the Company can be found at www.rexnord.com.