OAK HILL – GlaxoSmithKline purchased the old Stiefel Laboratories facility in Oak Hill in August of last year. But, months later, it announced it would shut it down and move its dermatology products division to one of their other sites in Canada.

Greene County economic development officials, though, are ecstatic, because on Thursday, the company announced it would keep the facility open with its oral care products manufacturing division.

That means of the 260 local jobs there now, the company will retain 211.

County Industrial Development Director Sandy Mathes expressed the community’s pleasure with the company’s decision to stay.

“We were very fortunate that they valued greatly the workforce that we have here,” he said. “The facility here was relatively new, but there were a lot of things we had to figure out and step up to make it more competitive in that international world, and ultimately, that’s where we were successful.”

GlaxoSmithKline will invest about $56 million into the site and the county IDA and state agencies provided a number of incentives.