Smyth Cos. invests $6.5 million in expansion
Smyth Cos. announced Thursday it has invested $6.5 million in new equipment at its printing operation in the town of Bedford.
The company will receive up to $14,000 from the Virginia Jobs Investment Program (VJIP) to retrain 28 employees on the new machinery. The Bedford County Economic Development Authority (EDA) provided a $25,000 grant tied to new and saved jobs, as well as machinery investments.
Smyth Cos. was founded by Henry Martin Smyth in 1877 in St. Paul, Minn. It originally helped local businesses with their commercial printing needs but later began producing labels for consumer products. In addition to Virginia, Smyth Cos. has operations in Arizona, Massachusetts, Minnesota, New Jersey and Wisconsin.