Würth Revcar Fasteners, a Würth Industry North America (WINA) company, announced that it has fully leased the building at 1 Avery Row in Roanoke, Virginia. The distribution warehouse building, consisting of 387,558 square feet, had been occupied by the Home Shopping Network for the past 30 years.
The building will now be the single largest Würth facility in North America and serve as the new headquarters and primary distribution center for Würth Revcar – Industrial Division. The renovated space is expected to open in the third quarter of 2022.
“We are thrilled to relocate Würth Revcar to a new, larger headquarters in Roanoke,” shared Dan Hill, CEO of WINA. “This move represents another significant milestone for our fast-growing organization. The new facility supports our customer-centric distribution strategy in North America while accommodating our growing team. As a family-owned company with a 75-year history, we are honored to play a role in the growth of the Roanoke area through our new building.”
Revcar Fasteners was founded in Roanoke in 1969 and has been headquartered in the Roanoke Valley since. The Würth Group, the world’s largest industrial distributor and leader of innovative supply chain solutions, acquired the company in 1996 as part of the Würth Industry North America network of companies. The company is a full-line/full-service assembly component supplier and an approved Level One Fastener Distributor to many US Navy and military accounts worldwide.
Würth Revcar’s deep ties to the region guided the company as they conducted a thorough location search. Their initial investment is expected to be in excess of $5 million in office renovations, sustainable energy solutions, and warehouse infrastructure, with subsequent investments in warehouse automation and equipment to exceed the first phase of investment.
“We are excited about the opportunity for a world-class headquarters that will allow us to attract, retain, and develop top talent in the same location as a highly efficient, large-scale distribution facility,” said Chapman Revercomb, managing director of Würth Revcar Fasteners. “We expect to add 50 office and warehousing positions as we ramp up operations in the new facility.”
The parties to the transaction express their appreciation to the Roanoke Regional Partnership and Roanoke County Economic Development for their role in this transaction and fostering a business environment that attracts new development and retention of Roanoke-based businesses.