Crow Relocates to Much Larger Facilities in Airport City, Israel

AIRPORT CITY, Israel - Crow, a worldwide leading manufacturer of residential, commercial and industrial security products, has relocated its Holon headquarters to a much larger area in Airport City, near Ben Gurion Airport, Israel's main international airport.

Crow's headquarters in Holon were 2,300 sq. m. (24,700 sq. ft.). Crow's new headquarters in Airport City totals 3,700 sq. m. (40,000 sq. ft.). Crow occupies the whole building and has agreed to rent space for 7 years, with 2 options to extend for 5 years each after the 7 year period.

All the staff have been relocated to the new headquarters in Airport City, which is a ten-minute drive from the old site in Holon.

"Based on our internal company growth forecasts, we saw that we would very soon outgrow our headquarters. Hence our decision to move to a significantly larger facility," commented Shmuel Melman, CEO of Crow. "Airport City is one of Israel's major high-tech and industrial parks, with an excellent infrastructure, close to all the major business centers in Israel, as well as the airport and the trans-Israel highway, Road 6. We believe that we will be in good company with the Parks' many other fast growing companies."

In addition, Crow is currently negotiating a lease agreement for the purpose of relocating the Company's factory, which is based in Afula, to a larger facility.