The longtime Cleveland-area company will be relocating its HQ from North Olmsted to the Chicago suburb of Deerfield, Illinois. By Ken Prendergast, NEOtransa
Faucet and fixture maker Moen Inc. is relocating is corporate headquarters from the western Cleveland suburb of North Olmsted to the northern Chicago suburb of Deerfield, IL by the summer of 2026, according to a press release and affected employees. It is not known how many of Moen’s 600-plus HQ employees are making the move but it appears that a significant number of them will.
Employees at Moen’s headquarters, 25300 Al Moen Dr., were informed of the move yesterday. They were reportedly offered a 15% raise and up to $10,000 for moving expenses if they moved to Chicago where costs of living are 26% higher. If an employee declines to move, they would get severance pay, employees and their families told NEOtrans. Not all employees were apparently notified of these options…