RICHMOND - Filtration materials manufacturer Hollingsworth & Vose is to invest more than US$40 million to expand its operation in Floyd County, Virginia.

The supplier of advanced materials used in filtration, battery, and industrial applications said it will add more than 28,000 square feet to its facility to accommodate new production equipment to meet increased demand.

Virginia successfully competed with Georgia for the project, which will create 25 new jobs.

“We’ve been a part of the Floyd, Virginia community since 1976. This facility is essential to serving both our global and domestic customers,” said Josh Ayer, CEO of H&V. “We chose Virginia for this expansion because of its positive business environment and strong support from the Commonwealth of Virginia and Floyd County.”

“Hollingsworth & Vose has generated positive economic impact and job opportunities in Floyd County for more than four decades, and this significant investment further solidifies the company’s commitment to Virginia,” added Governor Glenn Youngkin. “Businesses with a long history of expansion in the Commonwealth offer powerful testimonials on why a Virginia location is a foundation for success, and we look forward to a continued partnership with H&V.”

With incorporation dating back to 1892 and headquartered in East Walpole, Massachusetts, H&V’s advanced materials are designed to provide clean air, clean liquids, and energy storage. The company has been family-owned for seven generations. In 1976, H&V established its first Virginia facility in Floyd County and employs over 200 workers.

The Virginia Economic Development Partnership worked with Floyd County to secure the project for Virginia. Governor Youngkin approved a $558,700 grant from the Commonwealth’s Opportunity Fund to assist Floyd County with the project.