Business

Charlotte's Carlisle Cos. to buy Minneapolis paint business for $590M

October 9, 2014

(The Charlotte Observer)

Carlisle Cos. will pay $590 million in cash for Minneapolis-based Graco's liquid paint-finishing business. If regulators approve the deal, the purchase will give the Charlotte-based manufacturer a fifth business segment, which will be known as Carlisle Fluid Technologies. The company sold its underperforming transportation segment last year.

Former Wachovia building could become Raleigh tech hub

October 9, 2014

(WRAL TechWire)

Developers will host a media event this morning regarding a 10-story office building in downtown Raleigh where New York-based LRC Opportunity Fund announced an $8 million renovation in January 2013. A website for the 227 Fayetteville Street says the 110,000-square-foot building will provide office space for "small startup businesses and entrepreneurs."

Forsyth Tech opens training center at Wake Forest Innovation Quarter

October 9, 2014

(Time Warner Cable News)

Forsyth Technical Community College unveiled a 24,000-square-foot technology center at Wake Forest Innovation Quarter. More than 1,200 students a year will learn work-related skills in fields including biotechnology and nanotechnology at the $7 million center.

 

Loan on Wilmington's Independence Mall in default

October 9, 2014

(Greater Wilmington Business Journal)

Fitch Ratings reported that the owner of Wilmington's Independence Mall has defaulted on a $110 million loan. The 1-million-square-foot mall was built in 1979 and is 86% occupied, according to a recent report. 

Raleigh-based Red Hat completes $700 million offering

October 9, 2014

(The News & Observer, Raleigh)

Red Hat completed a previously announced sale of $700 million worth of senior convertible notes and plans to use $375 million of the proceeds to repurchase shares of its common stock. The Raleigh-based software company will use another $257 million for general corporate purposes that could include future acquisitions.

Aramark opens healthcare training and technology center in Charlotte

October 9, 2014

(The Charlotte Observer)

Philadelphia-based Aramark opened a Technology & Innovation Center in the same business park as its existing operations near uptown Charlotte. The 105,000-square-foot space will be used as a training center for the company's biomedical technicians and engineers and to test medical equipment before it is distributed to hospitals and health-care systems.

Industry leaders convene at Wilmington energy summit

October 9, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory will be a keynote speaker at the Coastal Energy Summit today at the Wilmington Convention Center. Representatives from Duke Energy, GE Hitachi Nuclear Energy, Strata Solar and the Southeastern Coastal Wind Coalition are among the scheduled speakers for the sold-out event.

Wilmington Beer Week kicks off Saturday

October 9, 2014

(Greater Wilmington Business Journal)

More than 30 events are scheduled for the second annual Wilmington Beer Week, which kicks off Saturday, October 11. Beer dinners, tastings, a pet adoption event and a "Detox to Retox" yoga session are planned. 

NC Bankers Association names new president

October 8, 2014

(The News & Observer, Raleigh)

The N.C. Bankers Association named Peter Gwaltney president and CEO effective Jan. 2. Gwaltney, 51, has been CEO of a Memphis, Tenn.-based foundation for the past seven years and was chief executive of the Louisiana Bankers Association from 1999 to 2006. He replaces Thad Woodard, who has led the Raleigh-based trade group since 1997 and is retiring (Statewide, June).

British tire company plans Davie retreading plant

October 8, 2014

(Winston-Salem Journal)

Dunlop Aircraft Tyres plans to open a 108,000-square-foot plant and create at least 40 jobs in Davie County by early 2016. The Birmingham, England-based company, which retreads tires used on aircraft, would invest $8.2 million in equipment and building upgrades. Davie County and the town of Mocksville approved an incentive package totaling about $212,000.