PORTLAND, Ore. -- Some 15 years after leaving its longtime Portland headquarters for Washington County, Columbia Sportswear will return one of its divisions to the Rose City.
The apparel maker announced it will move 45 employees within its Sorel division to downtown Portland. A release announcing Tuesday's press conference did not reveal the site.
The spot has room to add another 40 workers, according to the company.
Columbia Sportswear CEO Tim Boyle will speak at the press conference along with Portland Mayor-elect Ted Wheeler and and Sorel Brand President Mark Nenow.
Columbia acquired the Sorel brand in 2000 and launched its own take on it in 2001, just before it acrimoniously moved to Washington County. The company rejected overtures to return to Portland's city limits later in the decade.
The $2.3 billion company reported its sales fell by 3 percent during the most recent quarter. It opened trading around the $56.33 mark Tuesday, closer to its $62.95 52-week high than to its $43.56 52-week low.
Sorel's sales have grown to $220 million this year, compared to $50 million in 2008. It's the second largest brand within Columbia's product family.
This story will be updated.
Andy is the Portland Business Journal’s digital managing editor, overseeing the daily digital news operation. Sign up here to receive the free news-packed emails he curates every day.