Albemarle, NC-based flexible-packaging converter Global Packaging Solutions says it will expand its headquarters operations, creating 10 new jobs and investing $4.8 million in real and business property. The expansion is made possible through a Rural Infrastructure Authority’s Building Reuse Grant, totaling $80,000.

Global Packaging Solutions, specializing in roll-fed flexible packaging and pouches, will establish four new production lines and acquire advanced proprietary machinery, effectively tripling its operational capacity within five years, according to President Jim Anderson. This growth will increase the company’s physical footprint by 25,000 sq ft and significantly enhance its capabilities.

“We are thankful to the North Carolina Department of Commerce for helping us make this dream project a reality, and for our partners at Stanly EDC as well as the City of Albemarle Economic Development for their invaluable support,” says Anderson.

The expansion will create grow Global Packaging Solutions’ workforce by 55%, bringing the total to 28 employees. The project will also contribute an estimated $1.785 million in real property improvements and $2.8 million in new equipment investments, further boosting the local economy.