Magnetrol International to Leave Downers Grove After 50 Years

The liquid instruments manufacturer will move its headquarters from Downers Grove to Aurora this summer, according to reports.

Magnetrol International Inc., a liquid instruments manufacturer, will move its corporate headquarters from Downers Grove to Aurora this summer, the company announced Wednesday.

Crain's Chicago Business reports that Magnetrol's decision to relocate was driven by the company's "rapid growth due to the high demand for products in the global oil and gas industry." The company has been based in Downers Grove for more than 50 years.

Magnetrol CEO Jeffrey K. Swallow told the Daily Herald that the company has "deeply valued" its relationship with the Downers Grove community, and is already working with the Downers Grove Economic Development Corporation to identify a new tenant for its existing building.

The company is expected to move this summer to a 221,000-square-foot facility in the Meridian Business Campus in Aurora—roughly three times the size of its current space.

Magnetrol currently has 319 employees at its Downers Grove location, according to Crain's.

- - - - - - - - - - - - - -

There are plenty of ways to keep up on Downers Grove news:

Rick January 31, 2013 at 04:21 PM
At least we'll have Goodwill.
DHD January 31, 2013 at 04:28 PM
One has nothing to do with the other. Nice red herring.
Tony Pedretti January 31, 2013 at 07:09 PM
Red herring! Liz can hardly grasp the importance of chickens let alone a fish that swims down stream.
Chuck Montgomery January 31, 2013 at 09:32 PM
Magnetrol,Sara Lee, Perkin Elmer. Is DG doing anything to keep quality businesses such as these?
Tina kolar March 26, 2013 at 12:43 AM
Tina S--I am having my son go fill out an application so he can work there. I guess he will only be working till they move I guess. Aurora is a little far for him to go. That's too bad!


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »