“P&G has been leasing these buildings since 1997-1998 when they were built,” said P&G spokesman Tom Millikin told the Journal-News. “They are strategic research and development facilities for P&G, so it makes sense to own versus continuing to lease.”
P&G has about 118,000 employees, including 11,000 in Greater Cincinnati.
The Beckett Ridge Technical Center is home to 558 employees and purchase of the site won’t affect their employment, Millikin said.
There are no new plans for the site, Millikin told the Journal-News.
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