Munters Group AB to Invest $36 Million
in Botetourt County
Company to build state-of-the-art facility to replace current one.

DALEVILLE, VA (March 25, 2021) – Munters Group AB, a global leader in innovative
energy-efficient and sustainable climate solutions for mission-critical processes
announced today it will build a state-of-the-art facility in Botetourt Center at Greenfield
to replace its Buena Vista, Virginia, plant. The company will invest $36 million and plans
to retain its approximately 200 workers in the new location. The 365,000 sq. ft. facility
will house manufacturing, research and development, and sales of data center cooling
systems and high-temperature industrial process systems.

“A move to the Roanoke region will allow for the expansion that is needed for the Data
Centers business in the U.S. It also generates an opportunity for our employees to
move into a new, upgraded facility suited to our specific needs,” said Michael Gantert,
president Data Centers at Munters. “Remaining in Virginia allows us to continue caring
for our workers while opening doors for new team members to join the Munters family.

”
“When Munters approached us, we quickly recognized a win-win situation. A new facilitywill meet the company’s growth and Botetourt County will have another international
manufacturer to add to our roster of foreign direct investment,” said Dr. Mac Scothorn,
chairman of the Botetourt County Board of Supervisors. “We appreciate that Munters
recognizes that the company will benefit from the business climate in Botetourt County.”

Munters Group AB, headquartered in Kista, Stockholm, Sweden, represents the 13th
nation in the Botetourt County manufacturing community. The company, founded in 1955,
has 17 manufacturing facilities worldwide with five in the United States.
Using JobsEQ economic modeling software, the Roanoke Regional Partnership projects
an annual economic impact of $93.5 million on the Roanoke region from with project,
adding 161 indirect and induced jobs.
Munters worked with Botetourt County and the Roanoke Regional Partnership in support
of the project. The company will receive local considerations on land and site prep.
Graham & Company of Birmingham, Alabama, is serving as developer for Munters.

#

ABOUT MUNTERS GROUP AB
Munters is a global leader in energy efficient air treatment and climate solutions. Using
innovative technologies, Munters creates the perfect climate for customers in a wide
range of industries. Munters has been defining the future of air treatment since 1955.
Today, around 3,500 employees carry out manufacturing and sales in more than 30
countries. Munters Group AB reported annual net sales of more than SEK 7 billion in
2019 and is listed on Nasdaq Stockholm. For more information, please view munters.com

–Submitted by Ken McFayden, Botetourt County EDA