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X-Rite
is a leading provider of color measurement solutions comprised
of hardware, software and services for the verification and communication
of color data. The company serves a broad range of industries,
including photo, digital imaging, graphic arts, industrial and
retail color matching, medical and dental. X-Rite serves markets
in over 88 countries, with offices throughout Europe, Asia and
the Americas.
X-Rite came
to Pollina Corporate Real Estate looking for assistance with identifying
and securing a long-term solution for its global headquarters,
research and development, and manufacturing capabilities. Pollina
Corporate was engaged to assist with strategic planning and lead
X-Rite from site selection and state and local incentive negotiations
through the acquisition of its new facilities and disposition
of their former campus. X-Rite plans to hire over 300 new associates
and spend $44.5 million over five years on the new facility, including
building, machinery, and equipment.
"The Pollina Corporate team worked with us from A to Z,
maintaining the consistency necessary to pull off such a complicated
series of transactions. As a public company, we are committed
to maximizing shareholder value. The incentive package negotiated
by Pollina Corporate helped to ‘green light’ a project
that will be critical to the success of our long-term growth
strategy. Their technical expertise demonstrated during the
acquisition and disposition stages enabled us to manage the
risks associated with such a big move. With Pollina leading
the project as a third-party, X-Rite was able to avoid any potential
disruption to our business and, most importantly, our employees."
Jeff Smolinski
Vice President
X-Rite
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