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NEWS
Company Announces Expansion of Manufacturing Facility
July 20, 2020

Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc. (NYSE/TSX: BHC), has announced the company will invest more than $35 million to expand its manufacturing facility in the City of Lynchburg, Virginia.

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.

The company’s investment includes the purchase of 13.1 acres of land across from its existing operation located at 1501 Graves Mill Road in Lynchburg. According to the announcement, 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.

“Bausch + Lomb is one of the world’s most respected eye health brands, due in large part to the high-quality contact lenses distributed from our Lynchburg site,” said Joseph C. Papa, Chairman and CEO of Bausch Health Companies Inc. “The existing proficiencies and expertise in Lynchburg made it the right place to invest in a needed expansion to help us meet anticipated demand for our newest and most innovative contact lens products. The additional capability in Lynchburg will enable us to ensure Americans have access to our high-quality contact lenses, which is critical to our company’s ongoing transformation and to helping us meet our mission of improving people’s lives with our health care products.”

“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,” remarked Governor Ralph S. Northam in response to the announcement. “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.”

The Virginia Economic Development Partnership (VEDP) worked with the City of Lynchburg to secure the project for Virginia. Governor Northam approved a $210,000 grant from the Commonwealth’s Opportunity Fund to assist Lynchburg with the project, as well as a performance-based grant of $300,000 from the Virginia Investment Performance (VIP) program, an incentive that encourages capital investment by existing Virginia companies. The company is eligible to receive state benefits from the Virginia Enterprise Zone Program, administered by the Department of Housing and Community Development.

Support for Bausch + Lomb’s job creation will be provided through the Virginia Talent Accelerator Program, a workforce initiative created by VEDP in collaboration with the Virginia Community College System, with funding support from the Northam administration and the General Assembly. Launched in 2019, the program accelerates new facility start-ups through the direct delivery of recruitment and training services that are fully customized to a company’s unique products, processes, equipment, standards, and culture. All program services are provided at no cost to qualified new and expanding companies as an incentive for job creation.


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