The town is still largely dependent on industry, along with the neighbouring towns Taunton and Bridgwater with manufacturing industries identified within the county economic strategy as key centres for further economic development, due to good transport links. Swallowfield plc benefited from the growth of own-brand products during the 1970s and now produces aerosol, cosmetic and toiletry products. It was founded in 1876 as Walter Gregory & Co Ltd who manufactured animal husbandry products. The company diversified and in 1950 produced the first commercial aerosols in the UK which were basically farm products, air fresheners and insecticides. Bed manufacturers Relyon employ some 400 people. The company started in 1858 as a wool merchant, Price Brothers and Co., but the business soon moved into manufacturing beds and in 1935 changed its name to Relyon Ltd. In 2001 it was acquired by Steinhoff International Holdings Ltd., a quoted South African group.