Damage Prevention Solutions will invest more than $2 million to relocate and construct a 10,000 square-foot manufacturing facility at London Business and Technology Center in Bedford County, Virginia.
According to the Bedford County Economic Development Authority, the company will transfer up to 10 employees to the new facility once it is built, and will add up to 45 jobs as production ramps up over the next five years, equipping the facility with laminators and digital production printing presses.
“As we searched for a long-term manufacturing site, we were drawn to Bedford County with its strong manufacturing and industrial base, and the highest concentration by place of residence, for production occupations,” said Ryan Dunn, President & Chairman of Damage Prevention Solutions.
As an innovative manufacturer of damage prevention systems for underground utilities, the company’s sales growth in SignalTap and other products, has prompted a need for increased production capacity to serve its growing customer base.
“The decision to set up manufacturing headquarters in Bedford County confirms that our region has the quality workforce that today’s innovative companies need for long-term growth,” said EDA Chairman, Jim Messier. “We are thrilled to welcome Damage Prevention Solutions to the New London Business and Technology Center and we’ll be there to support their growth for many years to come.”
The company was founded in 2016 and assisted through a Virginia Tobacco Commission research and development grant to commercialize its initial product offering in 2017. The company currently leases production space in Arvonia, with a sales office in Charlottesville.