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Columbus, OH – SpeedFC, Inc., a leading provider of end-to-end e-commerce services and subsidiary of Navarre (NASDAQ: NAVR), plans to invest $3.2 million in the Columbus Region for a new, 770,000- square-foot facility in Etna Township. SpeedFC has operated in the Columbus Region since 2006 and plans to double its workforce with 250 new positions.
“This is an important move for SpeedFC, as we had various location options for expanding our footprint and workforce,” said Jeff Zisk, president of SpeedFC. “This new facility’s key location greatly impacted our decision to further extend our roots in the Columbus Region and we believe it will greatly enhance the value of our e-commerce service offerings.”
In evaluating the Columbus Region, SpeedFC noted its strategic geographic position as a defining factor. The move will allow SpeedFC to access nearly 50 percent of the U.S. and Canadian population in a one- day-drive.
“Keeping SpeedFC in the Columbus Region is a major accomplishment and helping the company expand to a larger facility while doubling its workforce is a major win,” said Tim Bubb, Licking County Commissioner. “We are proud to have SpeedFC call Licking County home and look forward to playing a role in the company’s growth for many years to come.”
Hiring for the new positions at SpeedFC is expected to kick off in September 2013. The majority of these additions will consist of warehousing and distribution positions.
John Carlisle, president of the Board of Trustees for Etna Township, Ohio commented: “SpeedFC’s decision to grow its existing operations will have a major impact not only on Etna Township, but on the Columbus Region as a whole. We’re proud that SpeedFC chose Etna Township as the location for its new facility and we welcome them to our community.”
The new facility will be built by Prologis, the world’s largest industrial real estate developer, and is set to be fully operational in fall 2013. The current 250,000-square-foot distribution center will be upgraded to a 770,000-square-foot, state-of-the-art e-commerce facility that includes several energy-efficient features and facilities for hundreds of associates.
“This new facility represents a significant upgrade for SpeedFC’s business, in terms of both size and operational offerings,” Brian Marsh, senior vice president, Prologis. “The company is making a committed investment in the region, and we’re honored to be a partner in that move.”
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About SpeedFC, Inc.
Established in 2000, SpeedFC, Inc., a subsidiary of Navarre (NASDAQ:NAVR), is a leading provider of end-to-end e-commerce services based in Dallas, Texas. SpeedFC provides a suite of services, including SaaS e-commerce platforms, tier 4 web hosting, proprietary cross-channel order management and reporting, and high performance fulfillment and customer care to online retailers and manufacturers. As a single-source provider, SpeedFC enables clients to focus on one consistent partner relationship dedicated to building and protecting their online brand.
SPEED works with more than 30 major brands, ranging from apparel manufacturers to general merchandisers and gift retailers. Clients include: Justice, the largest premier tween specialty retailer in the world; Spencer Gifts, a leading seller of gift and Halloween products; The Yankee Candle Company, the nation’s bestselling candle brand; and MetroPCS, America’s leader in no-annual-contract cell phone service.
For more information, visit www.SpeedFC.com.
Investor Relations
Liolios Group, Inc.
Cody Slach
1-949-574-3860
NAVR@Liolios.com
About Columbus 2020
Columbus 2020 is a bold public-private partnership that leverages the strengths of the Columbus Region’s talented workforce, small and large businesses, research and academic institutions, and international connections to ignite economic growth and build a healthier, more sustainable future for Central Ohio. The initiative grows our economy by ensuring that our existing companies are growing and thriving, that the world’s leading companies are attracted to the 11-county region, that innovations are cultivated and commercialized, and that our civic infrastructure is continually improving to meet the challenges of a rapidly evolving world economy. For more information, visit ColumbusRegion.com.
Contact:
Kenny McDonald
614-225-6063