Business

Plastics company adding 50 jobs in Davidson County

March 20, 2015

(Winston-Salem Journal)

Thomson Plastics will add 50 jobs in Davidson County. The company will acquire a 106,200-square-foot plant previously occupied by Tarheel Plastics and invest $2.5 million in renovations and equipment. Thomson makes plastic casings for motors used in lawn mowers, golf carts and HVAC equipment.

Ground-breaking held for Hendersonville health center

March 20, 2015

(Hendersonville Times-News)

Officials broke ground Thursday on a 98,000-square-foot health-sciences center in Hendersonville that is a partnership of local governments, Pardee Hospital, Blue Ridge Community College and Wingate University. The center will house educational programs, a cancer center and surgical offices.

M&F Bank continues profitable streak

March 20, 2015

(The News & Observer, Raleigh)

Mechanics and Farmers Bank continued its profitable streak, reporting net income of $810,000 for 2014, up from $126,000 in 2013. The Durham-based bank has recorded a profit every year since it opened in 1908 ("Rewriting History," October 2014).

Western NC ski resorts wrap up successful season

March 20, 2015

(Asheville Citizen-Times)

After a slow start in December, western N.C. ski resorts benefited from low temperatures and gas prices over the last two months. "We couldn't be more pleased from January on," Rick Bussey, co-owner of Wolf Ridge Ski Resort in Mars Hill, said.

Fayetteville's Methodist University close to fundraising goal

March 20, 2015

(The Fayetteville Observer)

Methodist University in Fayetteville has raised more than $33 towards its $35 million fundraising campaign goal. The university will use the funds for improvements to athletic facilities, a new health-sciences building, a concert hall and other projects. The capital campaign runs through 2016.

Catawba Brewing to open 2nd Asheville tasting room

March 20, 2015

(Asheville Citizen-Times)

Asheville's 19th brewery is set to open by the end of March. Catawba Brewing will open its second Asheville location in the South Slope district on March 30; the Morganton-based beer-maker already has a tasting room in Biltmore Village. 

Buncombe County buys industrial site for $6.8M

March 19, 2015

(Asheville Citizen-Times)

Buncombe County will spend $6.8 million to purchase a 137-acre site it hopes will lure an unnamed economic-development prospect. David Gantt, chairman of the board of commissioners, compared the scope of the project to "Project X," which refers to GE Aviation's local expansion which spurred competition among at least 12 states in 2013.

Former Salix executives to get $46M after Valeant sale

March 19, 2015

(The News & Observer, Raleigh)

The former top executives of Raleigh-based Salix Pharmaceuticals will receive $46 million after the company is sold to Canada-based Valeant Pharmeceuticals. Adam Derbyshire, who resigned as CFO in November, will get $13.3 million in stock and options while former CEO Carolyn Logan will walk away with $32.7 million in stock.

SEC denies Bank of America's bid to block shareholder proposal

March 19, 2015

(The Charlotte Observer)

Bank of America must include on its upcoming proxy a shareholder proposal that suggests the bank explore ways to split itself into two or more companies. The Securities and Exchange Commission ruling means shareholders will vote on the proposal at the Charlotte-based bank's annual meeting in April.

Councill Furniture closing Denton plants

March 19, 2015

(News & Record, Greensboro)

Councill Furniture will close its Davidson County plants, where the company employs about 125 people, at the end of June. The company was recently sold to RHF Investments, and the Denton factories were not included in the transaction.