American Outdoor Brands, Inc. will expand the lease at its Columbia, MO headquarters and distribution center, effective January 1, 2024.
AOB currently leases approximately 361,000 square feet, or 57 percent of the Columbia, MO headquarters and distribution facility. The agreement ends November 26, 2038, and will make AOB the sole tenant, providing the company full occupancy and use of the building’s approximate 632,000 square feet of warehouse and office space with the potential future building expansion. The company said it believes that the incremental annual lease expense, net of tax and other incentives, will be approximately $1.3 million, to be offset by savings from recent facility consolidations and efficiencies gained in its distribution processes.
Brian Murphy, president and CEO of American Outdoor Brands, said, “Our ability to expand the existing lease and gain access to the entire Columbia facility provides us with a potential opportunity to enhance our operational efficiencies in the near term by fine-tuning our floorplan and work processes to optimize the consolidations of acquisitions from Oregon, Texas and Michigan that we have completed over the past six months. At the same time, it should position us well for the future by providing us with the capacity to grow, a benefit that aligns well with our long-term plans, which include organic growth and strategic acquisitions.”
