The Floyd Flex Building is located within two miles of Hollingsworth & Vose’s current facility in Floyd. The building will be leased with intent to purchase to support the expansion underway at Hollingsworth & Vose’s Floyd operations.
The new Technostat filter media production line is expected to be operational in mid-2015. This additional production capacity will support the successful launch of Technostat Plus and the ongoing demand for Technostat filter media in North America. Hollingsworth & Vose currently manufactures Technostat and Technostat Plus media in Europe.
Val Hollingsworth, president and CEO of Hollingsworth & Vose, said: “The 2013 grant from the State of Virginia helped drive our decison to select Floyd for this investment and allowed us to expand our Floyd production staff. We are pleased to continue our partnership with the State of Virginia, the Floyd County Economic Development Authority, and the Floyd County Board of Supervisors in the lease to purchase agreement of the the Floyd Flex Building. We are fortunate to have a skilled and dedicated workforce in Floyd which is critical to the growth of our North American business.”