Consumer goods supplier relocating warehouse operations to Virginia Beach

Published October 15, 2019 by Richard Foster

Colorado-based consumer goods supplier SRP Companies is investing $1.16 million to relocate its warehousing and distribution operations from Philadelphia, Utah and Oklahoma to Virginia Beach next year, Virginia Gov. Ralph Northam announced in a press release Tuesday. 

Founded as a sunglasses distributor in 1969, SRP Companies, a subsidiary of parent company Soloray, is consolidating and expanding its warehousing, storage and distribution services. SRP provides a variety of consumer goods, including eyewear, apparel, jewelry and travel items, to international retail outlets, including convenience stores, travel centers, amusement parks and resorts.

The Virginia Economic Development Partnership worked with Virginia Beach city officials, the Hampton Roads Economic Development Alliance and the Port of Virginia to secure the project, which is eligible for benefits from the Port of Virginia Economic and Infrastructure Development Zone Grant Program.

“SRP Companies’ decision to move its operations to Virginia is a significant win for the distribution industry in Hampton Roads and the entire commonwealth,” said Governor Northam. “With access to major population centers and the Port of Virginia as an international gateway, leading companies like SRP continue to recognize the advantages of locating in our commonwealth. We are confident that SRP’s new Virginia Beach facility will help the company grow on the East Coast.”

“We are very excited to be expanding our warehouse and distribution operations into Virginia Beach in 2020,” said Darrin Eisele, CEO of SRP Companies. “We are excited to be in such high-quality facilities close to the Port of Virginia. This enables us to improve the efficiency of our import activities and better serve our customers. Virginia Beach provides an excellent work environment for our employees and operations.”