Bedford, VA - A company buying the former Rubatex plant is just the latest sign that Bedford's economy is bouncing back.
City leaders say over the last two years, several companies have shown interest in bringing business to the area.
Gran Tee Investments bought the former Rubatex plant at a bankruptcy auction last month - a move expected to bring Bedford up to a dozen jobs initially.
The city manager remained tight lipped on the details of the deal, but says city leaders are optimistic about the future.
"We're happy to get the calls from the outside folks, but we're just as happy to keep the current businesses opening and expanding," said Charles Kolakowski, Bedford's city manager.
Kolakowski says plenty of work needs to be done inside and outside the old Rubatex facility before they can resume production.