Richmond, VA, March 25--The governor's office announced that Designer Wood Tile and Finishing will invest $4.2 million in a factory in southwest Virginia that will produce pre-finished hardwood flooring.
The company will convert a former Acme grocery store to a factory in the Lebanon area of Russell County, and will hire 155 workers.
According to the governor’s office, Designer Wood Tile and Finishing is jointly owned by executives of two existing Russell County-based companies -- Clinch Mountain Hardwood Flooring and Leonard Companies.
The new company will manufacture finished hardwood flooring and finished stair tread and molding products, which will be sold nationally through existing distribution and marketing channels to retail and industrial clients.
Virginia competed with Kentucky, North Carolina and Tennessee for the plant.
