Cover From Freeport, Ill., to Alpharetta A Case Study in Patience Around the State: Progress Request Information ![]() |
GEORGIA SPOTLIGHT, page 2
From Freeport, Ill., to Alpharetta
Newell Rubbermaid may be a microcosm of what's happening in Georgia, but it's also a corporate headquarters coup for Metro Atlanta.
He's made a believer out of Home Depot co-founder Bob Nardelli, who was personally instrumental in recruiting Galli to Atlanta. Another believer is Montag & Caldwell, an Atlanta-based investment banking firm and the single-largest shareholder in Newell Rubbermaid. With a 6.7 percent stake in the company, Montag & Caldwell has made a half-billion-dollar investment in Galli's ability to produce results. "We have to grow to earn the right to supply Home Depot," Galli said. "Our goal is to become the No. 1 supplier of Home Depot." Galli said there were other reasons his firm chose Georgia. "Atlanta has emerged as a major cultural center," he said. "Plus, we have a lot of smart jocks in our company. They like the sports teams here, both at the college and the pro level. But another key reason why we chose to locate here was because of the decisions of other major companies to locate here GE Power Systems, Georgia Pacific, Delta, Coke, BellSouth, SunTrust, Scientific Atlanta, Home Depot, UPS and many others." Galli added that picking Atlanta as a headquarters location also positions Newell Rubbermaid for global growth and expansion. "We are an 80-year-old company with 48,000 employees, but we are still basically an $8-billion-a-year startup," he said. "There is a $370-billion-a-year global market for our household products. We are the largest company in that market, but there is still room for organic growth." Galli's immediate goal is to cut his company's product development time for its 26 business units in half over the next two years. Being in Atlanta will help make that goal attainable. The 18-month site search took Galli and his executive team all over the country. In the end, Atlanta beat out Chicago, Dallas, Baltimore, Charlotte, Nashville and Washington, D.C. |
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