Recent Expansions | Franklin Southampton Economic Development Inc.

Project Type Date Announced Company Location Industry Service Jobs Created 2007 Employment
New Location March 2007 Farm Fresh Franklin Retail Grocery Supermarket       100        0
New Location February 2007 Lowe's Franklin Retail Hardware Stores       100        0
Expansion November 2006 Money Mailer Franklin Professional Services Direct Mail Advertising        15      100
Relocation September 2006 Feridies Southampton County Manufacturing Roasted Nuts & Peanut Butter        25       27
New Location March 2006 Southampton Terminal Southampton County Distribution Import & Export Services        40       30
Expansion March 2005 Narricot Southampton County Manufacturing
Narrow Fabric  Mill
     138      404

FRANKLIN - Money Mailer, a quality leader in the $59 billion direct mail industry, together with Mid-Eastern Builders General Contractors will break ground on an 80,000 square foot addition to Money Mailer's production facility in Franklin today. In addition to the new building addition, and new equipment to be installed in Franklin, the company anticipates adding 15 people to its Pretlow Street workforce.

In 2003, the company opened an $8.5 million, 58,000 square foot printing, packaging and mailing operation plant in Franklin that is expected to create more than 160 new jobs by 2008.

Money Mailer, LLC is Entrepreneur Magazine's No. 1 advertising services direct mail franchise for 2005 and is a leader in the $52 billion direct mail industry, according to the Direct Marketing Association.

The company serves more than 195 categories of local businesses, mails over 170 million envelopes to 21 million homes, and services over 30,000 advertisers with its core product annually.

COMMONWEALTH OF VIRGINIA
Office of the Governor

Timothy M. Kaine, Governor

www.governor.virginia.gov

FOR IMMEDIATE RELEASE

RICHMOND - Governor Kaine announced that FERIDIES®, a leading manufacturer of Virginia peanuts, will invest $3.2 million to expand its facility in the Southampton Business Park in Southampton County. The company also will increase its equipment capacity at the plant, creating 25 new jobs.

“FERIDIES® is a home-grown Virginia company,” said Governor Kaine. “Southampton County’s history as one of the world’s largest peanut producing counties has been a great fit for this family owned business of 33 years. I congratulate FERIDIES® on its success in producing a high-end Virginia product.”

FERIDIES®, formerly marketed under "The Peanut Patch" label, offers peanuts and a variety of peanut candies, nuts, and other gourmet snacks. Located in Courtland, FERIDIES® has been owned and operated by the Riddick family since 1973. "This expansion comes a year after we rebranded our Virginia Peanut line from The Peanut Patch to FERIDIES®, a name that we have trademarked and is marketable around the world,” says FERIDIES® President Judy Riddick. "Our success as a family owned and operated company, the demand for the Virginia type peanut and the rebranding have allowed us to expand our specialty food product lines and to market more effectively in the U.S. and in other countries."

The Virginia Economic Development Partnership worked with Southampton County, Franklin Southampton Economic Development, Inc. and the Virginia Department of Agriculture and Consumer Services to support the project for Virginia. The Virginia Department of Business Assistance will provide training assistance through its Workforce Services Jobs Investment Program.

"We are extremely pleased with FERIDIES’® commitment to expand their processing and logistics operation at the Southampton Business Park,” said Warren Beale, Chairman, Franklin Southampton Economic Development, Inc. “This family owned and operated company, with its long standing history here, has positioned itself well to compete in both the domestic and international marketplaces. We are committed, as part of our new organization, to ensure existing industry has every opportunity to grow and that the company understands we value the economic impact it contributes to the community.”

"We are deeply committed to providing growth opportunities for our existing business and industry,” said Dallas O. Jones, Chairman, Southampton County Board of Supervisors. “FERIDIES'® decision to expand and invest in Southampton County serves to reinforce the importance of that commitment. We are gratified by the vote of confidence given to us by the Riddick family. Southampton County offers many competitive advantages for progressive, growing businesses like FERIDIES®."

"The Riddicks have long been a leader in supporting further processing and value added agriculture in Virginia," said J. Carlton Courter, III, Commissioner of the Virginia Department of Agriculture and Consumer Services. "When Judy Riddick first started The Peanut Patch, she was one of the original founders of the Virginia Food and Beverage Association and like The Peanut Patch then, FERIDIES® carries the Department’s "Virginia's Finest" specialty marketing logo on all its packaging. It is agribusinesses like FERIDIES® that support our traditional Virginia agriculture base. We at VDACS congratulate the Riddick family's latest expansion and wish them well in all their future endeavors."