January 2, 2008
Thief River Falls, MN - Arctic Cat Inc. (Nasdaq:ACAT) announced that it has signed a lease for its previously disclosed corporate headquarters move to the Minneapolis area. The move is expected to occur in the spring of 2008. Only certain corporate executives, general managers, and sales and marketing personnel will be relocated. The company's core manufacturing operations will remain in Thief River Falls, Minn., and will not be affected.
Arctic Cat's corporate headquarters will be 505 Waterford Park, 10th floor, Suite #1000, 505 South Highway 169, Plymouth, Minn., 55441. Arctic Cat plans to eventually occupy approximately 11,000 square feet of space. The financial terms of the lease were not disclosed.
"Relocating our corporate headquarters will bring our executives closer to the company's daily business partners and enhance our long-term efficiency," said Christopher Twomey, chairman and chief executive officer of Arctic Cat.
