PRLog - Sep. 14, 2012 - VALENCIA, Calif. -- After making the decision to create its headquarters in Valencia, the company began moving all employees on June 15, 2012 and became fully operational at its new site on July 13, said Daniel Hobin, director, marketing communications for precision Dynamics. Previously, Precision Dynamics had offices in San Fernando and St. John was located in Valencia but neither facility was appropriate to bring employees together, Kost said. Having two corporate facilities operating 18 miles apart was far less than perfect. Working with the commercial real estate brokerage firm CBRE, Precision Dynamics went through a fairly exhaustive analysis to determine the optimal location. When making the decision to consolidate the two headquarters, however, the principal considerations were financial, building characteristics, and the impact to employees, Kost said. Valencia, where many employees already lived, was determined to be the right place to be.
Engineer Bill Harmon sits at an oasis break station at Precision Dynamics Corp
In the process of merging the two companies, Precision Dynamics – manufacturer and distributor of patient ID wristbands, medical records and imaging solutions – decided to relocate some 250,000 square feet of its manufacturing elsewhere. Doing so allowed the company to seek out a more vibrant community, Kost said, and reduce the amount of total space housing the 265 employees working out of the Valencia headquarters.
The Santa Clarita Valley Economic Corporation, who assisted CBRE with its search on behalf of Precision Dynamics, is happy to be part of the company’s success. “Precision Dynamics is a great example of several local partners coming together to aid in the success of a Santa Clarita Valley business,” said Jonas Peterson, president and CEO. The company’s relocation brought new jobs to the local community and confirmed that the region is thriving and an optimal destination to do business, he said.
In addition to the Valencia office, Precision Dynamics-St. John has 591 employees at two manufacturing sites in Mexico, as well as 45 people in Port Orange, Fla., and 29 employees in Brussels, Belgium, Hobin said. But the company’s innovation in the health care field takes place in Valencia. The seven-year lease at the LNR Entrada Gateway Center was valued at $10 million but afforded 44,000 square feet of office space, Kost said. “It’
In 2004, Precisions Dynamics expanded operations outside of the U.S., establishing an international headquarters to meet deadlines for health care and non-healthcare customers. Its international clients represent 15 percent of its business today, Kost said. “We see the international market as a tremendous growth opportunity,”
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