The 70,000-square-foot plant currently employs around 150 workers. Those who are considered “qualified” will be under review for possible transfers to other Printpack locations and those who do not transfer will receive severance packages, according to the company.
“The Fredericksburg plant has been an important contributor to the company’s success since its opening in 1981 and has been the foundation of our labels business since the late 1980’s. The decision to close this facility was very difficult for us but necessary to enhance our competitiveness in a very challenging market,” said Dennis Love, Printpack’s Chairman and Chief Executive Officer.
“We appreciate the loyalty and dedication of our Fredericksburg associates, many of whom have been with us since the early years of this facility’s operation. We wish them well as we help them through this transition,” he added.
Printpack, which was founded in 1956, is headquartered in Atlanta. It employs more than 4,000 people and operates 22 manufacturing facilities in the United States, Mexico and China.