Tag: pgi waynesboro virginia

Blackstone enters agreement to purchase PGI

Polymer Group Inc. today announced it has entered into a definitive agreement to be acquired by an affiliate of Blackstone Capital Partners V L.P. This transaction is the result of the strategic review process initiated by PGI on April 7, 2010, and is expected to close prior to the end of the first quarter of […]

Perspectives on the economy: U.S. Sen. Mark Warner, Lt. Gov. Bill Bolling

Interesting week for me in my often overlapping roles as a business writer and politics writer. On Wednesday, I met with U.S. Sen. Mark Warner, a Democrat, after a roundtable in Staunton with local business owners and business leaders who gave Warner quite the earful about the state of business and the state of the […]

PGI breaks ground on $65 million expansion in Waynesboro

The $4.55 million package of local and state incentives seems a pretty price to pay, but in the current economic environment, the 41 jobs that will come with the expansion of the PGI facility in Waynesboro might just have extra value. “Manufacturing has taken a big hit nationally. People think of jobs going offshore. But […]

Governor’s office announces PGI deal

Story by Chris Graham freepress2@ntelos.net   A local and state incentive package that included $1.5 million in state monies and $2 million in land, cash and tax breaks from the City of Waynesboro helped grease the skids for Polymer Group Inc., which chose Waynesboro over other locations including one near its corporate headquarters in the […]