Gibson's Memphis Division Relocating

Nashville, Tennessee-based Gibson Brands has announced that after 16 years it's moving its Memphis Division location on Beale Street to a new factory in the greater metropolitan area.

According to company officials, a new facility will allow Gibson to improve its product quality, increase production capacity and potentially increase employment in the area. Gibson is seeking a buyer for the current location that will allow it to continue to operate in this location while building and leasing a new facility nearby.

"We are extremely excited about this next phase of growth that we believe will benefit both our employees and the Memphis community," said Henry Juszkiewicz, Gibson Brands CEO. "I remember when our property had abandoned buildings, and Beale Street was in decline. It is with great pride that I can see the development of this area with a basketball arena, hotels, and a resurgent pride in the musical heritage of the great city of Memphis. We continue to love the Memphis community and hope to be a key contributor to its future when we move nearby to a more appropriate location for our manufacturing based business, allowing the world the benefit of our great American craftsmen."