Corporation announced that it
had reached an agreement to
sell its recycling-related assets
to Real Industry, Inc. of Sher-
man Oaks, California. The sale
became final on February 27,
2015. The result of this transac-
tion was the formation of a new
company Real Alloy, Inc. Soon
after the spinoff was complete,
Real Alloy actively began a site
search for its new global head-
quarters. The search included
looking at locations outside
of Beachwood and Northeast
Ohio.
wood that met all our require-
ments to continue our growth
strategy," said Terry Hogan,
president of Real Alloy. "We
of the City of Beachwood for
working with us to craft an
incentive package that made
economic sense and allowed
us to continue to be competi-
tive. By staying in Beachwood,
we had minimum disruptions
to our operations and to our
current employees. This un-
derscores our commitment to
Beachwood, our local employ-
ees and the Northeast Ohio
region."
recycling with over 1,700 em-
ployees worldwide, 24 plants in
North America and Europe, and
sales in 2015 of approximately
$1.4 billion. The new global HQ
is currently home to 77, includ-
ing 45 existing jobs that were
spun out of the Aleris sale and
by the Real Alloy manage-
ment team, "the City quickly
engaged with the company's
management team to find pos-
sible locations and to craft an
incentive package that would
be appealing to the company,
while also making economic
sense for the city." Last year, the
incentive package was passed
by City Council and presented
to Real Alloy. The incentives
included a one-time occu-
pancy grant along with both
job-retention and job-creation
incentives.
of existing companies is a core
development strategy that is
central to Beachwood's contin-
made a reinvestment in our
City and our region, and we
celebrate that," Mayor Gorden
said. "We are thrilled with their
long-term commitment and
wish them much continued
success.
bring with them, are always a
priority for the Beachwood Eco-
nomic Development team."
new global headquarters,
Mayor Merle S. Gorden and City
Council proclaimed Tuesday,
May 10, 2016, as "Real Alloy
Day" in the City of Beachwood,
and extended a warm welcome
to all new employees.
recommended it more times than I can count. The book's message
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· A smart person knows that their most valuable sense is a sense of self.
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They think having a bad relationship is better than being alone.
will not always agree. Differences are a part of life, not immediate
grounds for breaking up, cutting people off or quitting. Conflicts
have to be discussed and negotiated, and both parties have to be
prepared to compromise.
accessible and funny. It encourages us to rely on logic and self-aware-
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lationships' goals. A healthy relationship should be one in which you
feel the space to grow as a healthy, strong and independent person
while supporting, respecting and enjoying each other.
she can be reached at 216.464.4243.