Major Manufacturing Expansion Plans for Cadence Inc.

Cadence Inc., a leading manufacturer of precision products for the medical device and life science markets, will invest nearly $16 million to expand its operations. This new expansion will allow Cadence to expand its capabilities in the medical device and life science markets and support production of significant new business.

"This major expansion represents another significant step on our journey of solid growth," says Peter Harris, CEO. "This also affirms our ongoing commitment to precision and repeatability in everything we do for our customers, shareholders, and employees."

This expansion was supported by a grant from the Virginia Governor's Opportunity Fund to assist Staunton, Virginia with the project. Virginia Governor Bob McDonnell joined Cadence in announcing this expansion and announced the grant award, saying "The path of success continues with this significant investment, which will allow for a larger facility and increased manufacturing production to accommodate the company's rapid growth. The addition of 65 new jobs is also tremendous news for the region."

"Living and working in the Staunton area allows our team members to enjoy the highest quality of life," Harris says. "In addition to a very inviting work environment and the most modern facilities, we also offer a comprehensive benefits package, including health, life, and dental insurance, along with a  401(k) plan and an incentive plan."