(RALEIGH) -- A manufacturer of mattress and upholstery fabrics will expand its operations in Guilford County. Culp Inc. plans to create 129 jobs and invest $450,000 over the next four years in Stokesdale.

Gov. Bev Perdue confirmed that the company is eligible for an $82,560 state grant. “It's great news when home-grown companies expand their operations here in North Carolina," said Perdue.

“We are excited about the continued growth in our mattress fabric business and opportunity to expand this platform with further vertical integration into the cut and sew business,” said Iv Culp, President of Culp’s mattress fabrics division. “This new operation will allow us to respond to industry demands and increase the level of service we provide for our customers.”

Culp is headquartered in High Point. The company operates as Culp Home Fashions and Culp Upholstery Fabrics and already employs more than 410 people at facilities in Guilford and Alamance counties.