February 21, 2023 – PRINCO LLC is a leading manufacturer of top- notch adult incontinence underpads and puppy training pads. PRINCO LLC, a joint venture comprised of Premier, Inc., a leading technology-driven healthcare improvement company (through its affiliate SVS LLC), Vario Labs LLC of Virginia Beach, and Caretrust LLC will establish a healthcare products manufacturing facility in the City of Norfolk, creating approximately 284 jobs and initially invest $18.1 million, with potential additional investment of $5.7 million.
“This tremendous new venture represents the onshoring of a necessary healthcare product, a boost for the industry supply chain, and high-quality manufacturing jobs all happening in the Commonwealth of Virginia,” said Governor Glenn Youngkin. “PRINCO LLC’s new manufacturing facility in the City of Norfolk will benefit from the region’s outstanding logistical advantages, skilled workforce, and diverse ecosystem of suppliers, innovators, and customers. This venture is a blueprint for future investment in Virginia, and we look forward to the company’s future success.”
“A manufacturer’s ability to promptly produce and distribute innovative healthcare products in an ever-growing industry is critical to its providers and their customers. We are delighted that Norfolk’s advanced transportation infrastructure and robust workforce offer significant logistical advantages for domestic distribution,” said Norfolk Mayor Kenneth Alexander. “We appreciate Premier, Inc.’s trust in our ability to bolster its U.S. production capabilities and essential role in the global healthcare industry. The creation of an anticipated 284 jobs will support Norfolk’s thriving workforce.”
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