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In 2016, it was announced by CEO Douglas Price III that the K&D Group had purchased the historic Cleveland landmark, The Terminal Tower, for $38.5 million. [4] This purchase was part of a $100 million project to transform floors four through 15 into luxury apartments .
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In 1948, G&K introduced "diaper service" due to the Baby Boom. The company responded to the automobile wave in 1960 by opening "drive-in cleaners". G&K went public in 1969, and they began expanding into the Central and Midwest regions in 1970. G&K became a multinational company when they expanded into Canada in 1990.
Louie managed repairs and James managed construction. [1] In 1962 Cleveland Electric started a mechanical construction department and purchased an instrumentation company. The motor repair portion of the business was sold in 1998. Growing construction in the South allowed the company to expand and grow into its current target areas. [1]
The building is also the Cleveland office of these law firms: Cleveland-based Tucker Ellis, and Columbus, Ohio-based Porter Wright Morris Arthur. [5]In addition to these major tenants the tower was home to the former Cleveland-based metal chemical company OM Group which changed its name to Vectra in 2017 then moved its Headquarters to St. Louis, and is the Cleveland office of San Francisco ...
The company was founded by Jorgen Lotz and Olaf Kier, Danish engineers, under the name Lotz & Kier in 1928, and it was based in Stoke-on-Trent. [5]A few years later Lotz withdrew from the company, but Olaf Kier retained a semblance of his identity by including Lotz's initials in the organisation's new name, J.L. Kier & Co Ltd, which remained the company's principal title for over four decades.
In April 2002, the company acquired the assets of bankrupt Ling-Temco-Vought (LTV), including facilities in Cleveland, Indiana Harbor and Hennepin, for $83.4 million in cash. In May 2002, ISG purchased inventories from LTV for $52.4 million in cash.