Composites BHS, a Sherbrooke, Québec, Canada-based composites manufacturer, will expand in St. Johnsbury, VT. The company will locate in the St. Johnsbury-Lyndonville Industrial Park in an existing building.
To assist with this expansion, Vermont Gov. Peter Shumlin recommended using $200,000 award from the Vermont Enterprise Fund. That funding was approved unanimously by the Emergency Board.
Composites BHS also received initial approval of a Vermont Employment Growth Incentive award totaling approximately $695,00 and support from the Vermont Training Program.
“The incentive package that Vermont offered, coupled with the real estate option that we selected provides our company with fantastic new opportunities for growth,” said Lena Swennen, CEO of Composites BHS.
Composites BHS serves the aerospace and transportation sectors, among others, and is provider of composite research and development, design and production. According to the company's website, it makes highly complex precision parts made of composite materials, from medium to large size, and from prototype to mass production.
Editor PickGardner Business Index at 54.1 in January
The US composites industry looks as strong as it has since early 2015, with expectations the highest in years.