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// March 25, 2013//
Hollister Inc., a company that makes medical devices, will invest $29.6 million to upgrade machinery and expand its Augusta County factory.
The project will include 50,000 square feet of additional warehouse space and new equipment to automate processes, enhance products and increase production volume.
Hollister has operated in the Stuarts Draft area of Augusta since 1979.
“This expansion and expenditure in new technology helps secure the plant’s sustainability and 100 existing jobs into the future,” Gov. Bob McDonnell said in a statement.
Virginia competed against Ireland for the project, the governor’s office said.
McDonnell approved a $250,000 performance-based grant from the Virginia Investment Partnership program, an incentive available to existing Virginia companies. Through its Virginia Jobs Investment Program, the Virginia Department of Business Assistance will provide funding and services to support the company’s retraining activities.
