By Andrea K. Walker, The Baltimore Sun
3:33 PM EDT, July 19, 2011
Wise Metals Group said Tuesday it will move its corporate headquarters from the Baltimore area to Muscle Shoals, Ala., to be closer to its other divisions.
The move is expected to be completed by the end of the year, company officials said.
Company executives said in a statement that the company's holdings are concentrated more in northwest Alabama and the southern part of the United States. They wanted corporate officials closer to the operations they work with.
The holdings include: Wise Alloys, Alabama Reclamation Operations, Alabama Electric Motors Total Maintenance Center and several recycling centers.
It was immediately unclear how many jobs would be lost in the Baltimore area.
The company said about a dozen people, including senior corporate officers, would move to Shoals. Others will relocate to Raleigh, N.C., to work with the recycling operations.
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