ST. LOUIS—Months after announcing it had sold its Ferguson global headquarters building and was in search for a new corporate home, Emerson said Wednesday that the company would find that new location somewhere in the St. Louis area.

What You Need To Know

  • Emerson announced it wil find a new location somewhere in St. Louis

  • The company earlier announced it had sold its Ferguson global headquarters building and was searching for a new corporate home

  • "Following a comprehensive review, we selected St. Louis, Missouri as our headquarters and are working to identify an appropriate location in the area,"  Emerson President and Chief Executive Officer Lal Karsanbhai said

  • Greater St. Louis Inc., St. Louis County Executive Sam Page and Gov. Mike Parson all applaud the move

"Following a comprehensive review, we selected St. Louis, Missouri as our headquarters and are working to identify an appropriate location in the area,"  Emerson President and Chief Executive Officer Lal Karsanbhai said in a news release Wednesday as the company announced its first quarter earnings. 

The company, which has been based here for more than 130 years, announced in October that it was selling the Ferguson campus as part of its move to divest its majority interest in Climate Technologies, Inc. 

That sale is estimated to close by March 31, 2023. 

The decision comes as companies address the post-pandemic normal, which for many has meant downsized headquarters campuses as employees do more work in a remote setting. Bayer has sold half its Creve Coeur campus to development interests. 

“The company is one of our most engaged corporate citizens and one of our most globally recognized home-grown brands. The decision announced today means that the next exciting chapter of Emerson’s history being ushered in by CEO Lal Karsanbhai and his team will unfold from St. Louis,” Greater St. Louis Inc. said in a statement. 

“Today’s announcement also underscores that the St. Louis metro’s resurgence is real and, as we’ve seen through big economic wins lately, that St. Louis’ competitive advantages can go head-to-head with any metro in the country and win,” it said.

St. Louis County Executive Sam Page says Emerson's continued commitment to St. Louis County is "welcome news," however the company has not yet said where in the region it would relocate.

“We work hard in St. Louis County to be a welcoming and inclusive place and having a rich mix of companies dedicated to our region makes that possible. There is no better place than St. Louis County to invest and grow a business, and Emerson’s announcement is evidence of that.”

"Governor Parson is proud to see Emerson remain in Missouri. Our state’s low cost of business, central location, improving infrastructure, and skilled workforce are valuable assets for businesses big and small. We look forward to our renewed partnership with Emerson as it continues to succeed here in Missouri," Kelli Jones, Missouri Gov. Mike Parson's Communications Director told Spectrum News. Jones did not respond directly when asked if state economic development incentives were in play to keep the company in St. Louis.