Triad

Hanesbrands to acquire European apparel company for $544M

June 26, 2014

(Winston-Salem Journal)

Winston-Salem-based Hanesbrands will acquire French intimate-apparel manufacturer DBApparel for $544 million. The two companies were owned by Chicago-based Sara Lee Corp. until 2006, when Sun Capital Partners bought DBA and Hanesbrands was spun out as a publicly traded company. 

Carbone named president of Wake Forest Baptist

June 25, 2014

(Winston-Salem Journal)

Karen Barbara "Bobbi" Carbone was named president of Wake Forest Baptist Health, the Winston-Salem-based health system announced Tuesday. Carbone joined the system in March as executive vice president and chief operating officer. She replaces Thomas Sibert, who previously announced plans to retire on Aug. 31. 

Greensboro's Natty Greene's faces trademark battle

June 24, 2014

(News & Record, Greensboro)

Anheuser-Busch is challenging a trademark application filed by Greensboro-based Natty Greene's Brewing Co. The St. Louis-based company says it has been using the "Natty" name since 1998 in connection with its Natural Light line of beers.

Analyst sees value in Reynolds' natural-tobacco subsidiary

June 23, 2014

(Winston-Salem Journal) 

A leading analyst says Reynolds American has an "unappreciated asset" in its Santa Fe Natural Tobacco Co. subsidiary, and a sale or spin-off of the company, which could be worth up to $6 billion, makes sense whether or not Winston-Salem-based Reynolds moves to acquire Greensboro-based rival Lorillard.

FDA extends public comment period on e-cigarettes

June 23, 2014

(Winston-Salem Journal)

The Food and Drug Administration extended the public comment period for feedback on how it should regulate electronic cigarettes until Aug. 8. The agency released a proposal in May that would extend its regulatory authority to e-cigarettes. The proposal recommends banning sales of e-cigarettes to youth and requiring health-warning labels on the products.

Eaton settles 10-year legal case involving Clemmons aerospace company

June 20, 2014

(Winston-Salem Journal)

Cleveland-based Eaton Corp. will pay $135.5 million to Berwyn, Pa.-based Triumph Group, parent company of a Clemmons-based aerospace company, to settle a 10-year-old legal battle. Eaton also will pay $12.2 million to six employees of Frisby Aerospace Corp. who had previously worked for Eaton.

Reynolds begins national distribution of e-cigarettes

June 18, 2014

(Winston-Salem Journal)

Reynolds-American will begin selling VUSE electronic cigarettes nationwide on Monday. The product is currently distributed only in Colorado and Utah. The Winston-Salem-based company recently announced it will hire 200 people to produce the e-cigarettes at its Tobaccoville plant. 

Waiting period expires for RF Micro merger

June 18, 2014

(Winston-Salem Journal)

RF Micro Devices' $1.56 billion acquisition of Oregon-based TriQuint Semiconductor is moving forward, according to a statement from both companies. Federal regulators did not come forward with any antitrust concerns during a mandatory waiting period that ended last Friday. The deal still requires shareholder and other regulatory approval.

Sheetz hiring 100 at Burlington distribution center

June 18, 2014

(News & Record, Greensboro)

Sheetz will hire 100 people by the end of September at a Burlington distribution center. The Altoona, Pa.-based convenience-store chain plans eventually to create 250 jobs at the location.

NC A&T researchers make construction material from coal ash

June 16, 2014

(News & Record, Greensboro)

Over the past 10 years, researchers at North Carolina A&T University have developed an engineering material made of 95% coal ash, though no commercial uses for it have been developed. Eco-Core composite is lightweight, waterproof, fire-resistant and resistant to explosions.

New subpoena issued in coal-ash investigation

June 16, 2014

(Hickory Record)

A grand jury subpoena was issued Friday that directs the North Carolina Utilities Commission to provide more records regarding ash ponds at Duke Energy's Dan River Steam Station. The subpoena is part of an ongoing federal investigation that began after February's coal-ash spill at the plant. 

High Point Kmart store to close in September

June 13, 2014

(News & Record, Greensboro)

Sears Holdings will close a Kmart store in High Point in mid-September, affecting 71 employees. Some eligible workers will be able to apply for positions at other Sears and Kmart stores in the area.

B/E Aerospace plans to split into two companies

June 11, 2014

(Winston-Salem Journal)

B/E Aerospace revealed plans to split the Wellington, Fla.-based company into two publicly traded corporations. One would focus on the manufacturing of aircraft cabin equipment, and the other would handle distribution, logistics and technical services. B/E's largest U.S. operations are in Winston-Salem, where it employs more than 1,300. 

Forsyth approves incentives for furniture plant

June 10, 2014

(Winston-Salem Journal)

Forsyth County commissioners approved $150,000 in incentives for United Furniture Industries to open a manufacturing plant. The company would need to create 200 jobs to receive the incentive. Winston-Salem has already approved a $150,000 performance-based incentive for the company, which would invest $5.8 million in upgrading the historic Weeks plant.

Foster named executive vice president of Cone Health

June 10, 2014

(Winston-Salem Journal)

Mickey Foster was named president of The Moses H. Cone Memorial Hospital in Greensboro and executive vice president of Cone Health. He was president of Cone's Annie Penn Hospital since 2010. Foster succeeds Judy Schanel, who recently became executive vice president of acute care services for the health-care system.

NewBridge Bank looks to SC, Virginia markets for expansion

June 9, 2014

(Winston-Salem Journal)

NewBridge Bank may be looking to expand in South Carolina and Virginia markets, based information presented at a recent shareholder meeting. The Greensboro-based bank has $2.4 billion in assets and recently completed acquisitions of Raleigh-based CapStone Bank and Southport's Security Savings Bank.

Greensboro makes short list for Stone Brewing expansion

June 9, 2014

(News & Record, Greensboro)

Greensboro is one of six locations Stone Brewing Co. is considering for an East Coast brewery. The California beer company plans to invest $29 million and hire more than 300 people in its expansion plant. Asheville, Charlotte and Wilmington also submitted bids for the project.

BNC Bancorp to buy Charleston's Harbor National Bank

June 6, 2014

(Winston-Salem Journal)

BNC Bancorp will acquire Charleston, S.C.-based Harbor Bank Group for $50.6 million. High Point-based BNC will gain $306 million in assets when the deal is completed later this year, raising its total assets to about $4 billion.

Unifi expanding Yadkinville plant for recycled yarn fabrics

June 4, 2014

(Winston-Salem Journal)

Greensboro-based yarn manufacturer Unifi will invest $5 million and hire 10 people in an expansion of its Repreve recycling center in Yadkinville. Repreve products are manufactured with yarn made from recycled plastic bottles and are used in apparel and car seats. The plant will employ 947 after the expansion.

 

Krispy Kreme investors react after company lowers guidance

June 4, 2014

(Winston-Salem Journal)

Shares of Winston-Salem-based Krispy Kreme Doughnuts fell 14.8% Tuesday a day after the company lowered its fiscal 2015 earnings forecast. The doughnut-maker reduced its earnings guidance from a range of $51 million to $55 million to a range of $48 million to $51 million.