Danville Extends Infinity Global Lease for Four Months
Infinity Global's $34 million packaging expansion would add 150 jobs at its Danville facility.
Updated on Nov. 13, 2026 in Manufacturing
The Danville Industrial Development Authority approved a four-month lease extension for Infinity Global at its Tuesday meeting. The extension gives the packaging company more time to complete its purchase of the property it occupies.
Why it matters
The extension follows a request from Infinity Global for six more months, and it was set at four on the advice of the IDA's financial advisors to avoid a balloon payment due this summer. The company's planned expansion would more than double its Danville workforce.
The IDA granted a four-month extension against a 12-month base lease with an optional six-month term, while Infinity Global's $34 million expansion is projected to add 150 jobs. The timing of the property purchase and the expansion's construction schedule remain unspecified.
The players
Infinity Global
A packaging company that produces specialty packaging for luxury retailers in 70 countries and has operated its Danville facility for 20 years.
Danville Industrial Development Authority
The local development body that owns the leased property and approved the lease extension for Infinity Global.
Glenn Youngkin
The former Governor of Virginia who announced Infinity Global's $34 million Danville expansion last year.
The details
Infinity Global has operated in the former Dan River Piedmont factory off Memorial Drive for 20 years, producing specialty packaging for luxury retailers in 70 countries. The lease requires the company to buy the property before the term ends.
Timeline
Infinity Global opened its Danville facility 20 years ago.
Former Governor Glenn Youngkin announced the $34 million expansion last year.
The IDA approved the four-month lease extension at its Tuesday meeting, November 10, 2026.
A balloon payment due this summer is avoided under the four-month extension.
Infinity Global must complete its purchase of the property before the lease term ends.
Market Landscape
Infinity Global's expansion builds on a 20-year Danville presence in the former Dan River Piedmont factory and positions the company to serve luxury retail packaging demand across 70 countries. The move reflects a manufacturer choosing to grow in place rather than relocate its specialty packaging operations.
The 150 new jobs from the expansion would more than double Infinity Global's Danville workforce, creating local employment opportunities. Residents seeking work in packaging manufacturing may see openings as the expansion proceeds.
The takeaway
A four-month extension can be a practical tool for a company and its landlord to settle a property purchase without triggering a large payment on a fixed date. Local businesses weighing long-term lease commitments can take note of how timing terms shape outcomes.
What happens next
Infinity Global must complete its purchase of the Danville property before the four-month extended lease term ends.
Further reading
For more on local production and plant growth, see the Manufacturing section.
Source note: This article includes information reported by Chatham Star-Tribune.
