The Toledo Blade newspaper has reported that glassware and tableware maker Libbey Inc., a fixture in Toledo for nearly 125 years, announced Tuesday that it has signed a new lease to remain in the city for an additional 15 years at its Toledo Edison Plaza headquarters at 300 Madison Ave.

At a recent announcement in the downtown building’s lobby, Chief Executive Officer Stephanie Streeter said the company headquarters will stay put despite offers from other cities and states. Libbey is being aided by $1.2 million in grants from the state of Ohio and a tax abatement from the city of Toledo.

The company plans to use the $1 million grant to renovate its office space so that it will need just two floors and half of a third.

“The configuration of our offices will change dramatically,” Ms. Streeter said. “We’re going from a very traditional office-centric design to one that’s very open, collaborative, and contemporary that I think our employees will really enjoy.”

The new configuration will promote better employee communications, she added. “It will be a very open environment, with very few conference rooms, not many offices, and a lot of light,” Ms. Streeter said. “The whole idea is collaboration, the sharing of ideas, innovation, and that kind of environment.”

You can read the entire article by going here:
http://www.toledoblade.com/business/2012/08/28/Libbey-Inc-to-stay-in-Toledo.html

To learn more about Libbey and its foodservice products, go here:
http://foodservice.libbey.com/

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