US-based packaging manufacturing company Fortis Solutions Group is to invest $3.1m to expand its manufacturing facility in Virginia Beach, Virginia.
Virginia Beach Department of Economic Development announced the investment, which will add 25,000ft² to the facility’s current floorspace.
Go deeper with GlobalData
Once the project is next year, the facility will have more than 62,000ft² of space in total.
The Virginia Beach Development Authority (VBDA) has agreed to provide Fortis Solutions with a $125,000 Economic Development Investment Programme (EDIP) grant for the expansion depending on the capital investment.
Fortis Solutions Group CEO John Wynne said: “We greatly appreciate the VBDA’s EDIP grant approval, which will support our continued growth and investment in people and equipment within our Virginia Beach facility.”
Founded in 1979, Fortis Solutions Group manufactures packaging for customers in a wide range of markets, including beauty, health, automotive, food and beverages.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe company operates a number of manufacturing facilities and distribution facilities across the US, employing more than 1,100 people in total.
It was acquired by private equity firm Harvest Partners in October last year for an undisclosed sum.
In 2016, Fortis Solutions invested $9.7m in its Virginia Beach facility.
The group currently employs 140 people in the city and plans to create another 40 local jobs over the next four years.
City of Virginia Beach Economic Development director and deputy city manager Taylor Adams said: “This is another example of our commitment to retaining our existing businesses, stimulating capital investment and creating jobs in our city.”
In April this year, Fortis Solutions announced it had acquired Label Tech, a company that provides labels and flexible packaging.
Based in New Hampshire, Label Tech serves the food and beverage, health and beauty and consumer products industries among others.
