Governor Ralph Northam today announced that Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSE/TSX: BHC), will invest more than $35 million to expand its manufacturing facility in the City of Lynchburg. In total, 79 new jobs will be created over the next five years.

The company’s investment includes the purchase of 13.1 acres of land across from its operation at 1501 Graves Mill Road, and the new facility will expand the overall site to 190,000 square feet, which will provide distribution capabilities for the company’s medical device products, primarily contact lens products, and will be the main point of distribution in the United States. The company considered locations in other states, however, the strong performance of the current operations and favorable economic environment associated with Virginia made Lynchburg the logical choice for the expansion.

“Bausch + Lomb has been a valuable employer and partner to Virginia for more than 25 years, and we are thrilled to see this global company expanding its manufacturing and distribution operation in Lynchburg,” said Governor Northam. “The region’s infrastructure and world-class workforce will position the company for continued growth and success, and we thank Bausch + Lomb for this important economic boost for our Commonwealth.”

Bausch + Lomb develops, manufactures, and markets one of the most comprehensive product portfolios in the industry, which is available in more than 100 countries. Its core businesses include over-the-counter products, dietary supplements, eye care products, ophthalmic pharmaceuticals, contact lenses, lens care products, ophthalmic surgical devices, and instruments. The company employs more than 195 workers throughout Virginia, with 153 reporting to its Lynchburg facility.

To learn more, check out the whole article below.

https://www.vedp.org/press-release/2020-07/bausch-lomb-lynchburg