A Montreal-based company will soon expand into Georgia Industrial Park, thanks to financing from the Vermont Economic Development Authority (VEDA). Bariatrix, a manufacturer of nutritional products, received $1.08 million in financing from VEDA.
The company will move from its 32,500 square-foot facility in South Burlington to a 56,000 square-foot building in the industrial park. Bariatrix has been in its current location for 20 years.
Rod Egger, president of Bariatrix, said the facility is conveniently located near the interstate and near Colchester, Essex and Westford, where many of its current employees live.
“Our employees are ecstatic with the choice,” Egger said.
Steve Greenfield, chief operating officer for VEDA, said the Georgia facility has been vacant since December 2009.
“If there is a company that can buy a property like that and put it back into productive use, we feel that’s a very good thing,” he said.
Greenfield also noted that Bariatrix pays good wages and plans to add five new positions to its current 17 Vermont employees.
“[They] do have a strong commitment to remain in Vermont and grow in Vermont, so we like to recognize that kind of activity,” he said.
Egger added that Bariatrix plans to add light manufacturing to its new warehousing operation in Georgia.
“We’re not moving out; we’re expanding in Vermont, not somewhere else,” he said.