20160523-NEWS--1-NAT-CCI-CL_--
NOT YOUR EVERYDAY CUSTOMER VOL. 37, NO. 21
5/20/2016
2:27 PM
Page 1
SERVICE
For great business solutions with equally great service, visit fnb-online.com/greenwich. EQUAL HOUSING LENDER, MEMBER FDIC
MAY 23-29, 2016
Source Lunch
Business of Life
ArtsNow executive director Nicole Mullet
PNC Bank exec rocks and rolls at the Rock Hall
She’s striving to form a more cohesive arts community in Summit County. Page 34
Mark Messina helps with Toddler Rock, a music therapy program for preschool-age kids. Page 33
CLEVELAND BUSINESS
MANUFACTURING
Still all in the family Mark Smucker is fifth generation to head the family-run food giant By DAN SHINGLER dshingler@crain.com @DanShingler
It would have been easier for Mark Smucker if he’d been born earlier. If he’d been only the second, third or fourth generation of his family to run the big and famous J.M. Smucker Co. business in Orrville, he’d have only had one business to run, maybe two. As it is, he’s the fifth of his line to ascend to the company’s CEO post and he comes at a time when the company has become a behemoth. He sits atop three separate lines of business, each with about $2 billion in annual sales. “I’ve got a lot of people helping me,” he said, referring not only to family members like his “cool uncle” Richard — who became executive chairman when Mark became CEO on May 1 — but to the 7,000 people that the company employs. It was not a foregone conclusion that another member of the family would take the helm. One might imagine that Wall Street might look on and say: “Really? Another Smucker? That’s the best choice?” and have a valid question. SEE SMUCKER, PAGE 31
ILLUSTRATION BY GIULIA BERNARDELLI
CycleWerks revs up for expansion FOCUS Page 13
DEVELOPMENT
Riddell could call audible, relocate to North Ridgeville By STAN BULLARD
Entire contents © 2016 by Crain Communications Inc.
sbullard@crain.com @CrainRltywriter
Six football fields. That’s the size of a building proposed in North Ridgeville that’s believed to be a new home for Riddell, a football helmet and equipment maker now in Elyria, in a $25 million project. North Ridgeville Mayor David Gillock is hopeful the project could reuse a 40-acre site at 38889 Center
Ridge Road that he characterized as an eyesore. The site, visible from the Ohio Turnpike, housed a long-vacant shopping center until it was razed for a retail development in 2009 that ultimately did not proceed. Although Gillock and the city council of the Lorain County suburb on the collar of Cuyahoga County are in talks for the project and readying documents to clear the way for it, the mayor said he signed a nondisclosure agreement with the prospect’s site consultant, real estate
brokerage Avison Young, and would not identify the company behind it. However, Elyria Mayor Holly Brinda said the project sounds similar to one she and her staff have discussed with Riddell to allow it to expand and remain at its current building at 669 Sugar Lane. She said her staff has offered incentives to encourage the company to renew the lease at its current building and expand on an adjoining 40-acre farm to keep the company’s 490-person payroll in the city. SEE RIDDELL, PAGE 37