The company said it will establish a North American headquarters for the company in Charlotte while retaining its global headquarters in Southern Oregon.
The decision dismayed Oregon and Klamath Basin officials.
The company employs about 20,000 people worldwide, about 1,200 in the Klamath Falls area and 2,400 statewide.
In Charlotte, the company said it plans to create 142 jobs and invest $2 million.
The company was damaged by the 2008 housing crash. Onex Corp., a Canadian private-equity firm, acquired a majority stake last year, ending family control. Founder Dick Wendt died in 2010.
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