TemperPack plans $21M expansion at site near Richmond Raceway
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Henrico-based TemperPack, a sustainable packaging company, has announced that it plans to expand its production plant in the county through a $21-million investment.
The company makes packaging for perishable goods and temperature-sensitive medications at its location at 4447 Carolina Avenue, across from Richmond Raceway. It will add state-of-the-art manufacturing equipment.
“We are delighted that TemperPack continues to grow in Henrico,” said Fairfield District Supervisor Frank J. Thornton, whose district is home to the facility. “Their $21 million investment in new machinery and filling more new jobs shows their confidence in Henrico. TemperPack’s dedication to innovation and sustainability complement Henrico’s core values, and we are proud to support their expanding operations.”
“When we established our Henrico, Virginia facility in 2015, it was always with an eye toward expansion,” said Jed Dutton, TemperPack’s vice president of marketing. “We’re excited that in just five years, even in the midst of a challenging economy, we see that goal being realized. The state’s top tech pipeline, competitive operating costs, and our strategic location in the center of the East Coast are just a handful of the factors that have helped us accelerate our growth. We’re thrilled to partner with the Henrico EDA and further deepen our presence in the community.”
The Henrico expansion comes on the heels of TemperPack’s August announcement that it had secured $31 million from new and existing investors. The funds raised will help the company meet surging demands as e-commerce behavior shifts and home deliveries become the norm.
“TemperPack consistently delivers exciting innovations that echo our commitment to a more sustainable world,” says Anthony J. Romanello, executive director of the Henrico Economic Development Authority. “We’re thrilled to provide the type of resilient business climate where innovative, tech-centered businesses can thrive. This partnership proves that the entrepreneurial spirit is alive and well in Henrico.”
