Wolverine Advanced Materials to create 93 jobs in Montgomery County expansion
Wolverine Advanced Materials will invest $10.6 million in expanding its specialty, rubber-coated materials manufacturing operation in Montgomery County.
The expansion is expected to create 93 jobs.
The company produces high-performance materials used in automotive and industrial noise reduction for brake and sealing applications.
The governor’s office said the company is adding manufacturing capacity to reach its key growth markets in China and India, using the Port of Virginia as a gateway for its exports. “Auto parts continue to be a top commodity moving through The Port of Virginia, and the health of the port and auto industry is important to the economic well-being of the nation and the Commonwealth because of jobs,” John F. Reinhart, CEO and executive director of the Virginia Port Authority, said in a statement.
The company has operated in Montgomery County for 40 years.
Wolverine, based in Dearborn, Mich., has offices in Virginia, Florida, Michigan, Germany, Japan, China, Brazil and India.
Principally owned by Wynnchurch Capital Partners, Wolverine employs about 600 people worldwide.
Gov. Terry McAuliffe approved a $250,000 grant from the Governor’s Opportunity Fund to assist Montgomery County with the project.
The company also will receive benefits from the Port of Virginia Economic and Infrastructure Development Grant Program. Funding and services to support the company’s employee training activities will be provided through the Virginia Jobs Investment Program.