Valpak Operation Taken Off the Market

Valpak had constructed a $220 million, highly automated production facility here three years ago, with city and state government providing financial incentives. The company is projecting a 5 percent loss for 2009 and has cut jobs in order to focus on its core mission, the paper reported.

Valpak was founded in 1967. Cox purchased the business from a group of investors in 1991.