WYNIT said it would close its downtown Greenville operation – affecting 140 employees – less than two years after announcing the new location.
The distributor of technology products made the surprise announcement, a blow for downtown, in a four-paragraph statement distributed to news media by a local public relations firm.
WYNIT said the closing was part of a reorganization related to “unexpected financial issues combined with a disappointing holiday selling season.”
The company said it would keep open its Minnesota-based software publishing and supply chain service divisions.
“This is not what we wanted or expected,” Pete Richichi, chief operating officer said in the statement. “Unfortunately, we were unable to adjust fast enough to unforeseen changes. This was purely a financial decision. Our hope is we emerge a better company.”
Robert Hughes, president of Hughes Development Corp., owner of the ONE complex where WYNIT’s downtown operation has been located, declined comment.
WYNIT announced in November 2015 that it would relocate a headquarters to downtown Greenville from North Syracuse, N.Y. It said at the time that the operation was expected to employ 111 people and would occupy 57,000 square feet in the ONE complex.
In the statement announcing the closing, the company refers to the Greenville operation as part of its Wholesale Distribution Division.
WYNIT said a transition team would stay in Greenville through the end of the year to help with the reorganization.