The 1,000-employee company recently sold its existing headquarters in Webster, NY. The 135,000-sf office and manufacturing facility was sold to publicly traded Paychex Inc. for $5 million. PSC is leasing the space back for 90 days while it completes its relocation to Portland.

The bulk of PSC's 700 U.S. employees reside in Eugene, OR. The move should also save the company money on rent relative to the East Coast and other West Coast cities like Seattle, which the company also considered.

"The sale of our Webster facilities is a major step in PSC's stated restructuring plan," said Edward J. Borey, President and CEO of PSC Inc. "The sale eliminates excess facilities created by the consolidation of our manufacturing. It also reduces our administrative costs."