Triad

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.

Report: Triad TV viewers exposed to most e-cig advertising

June 4, 2014

(News & Record, Greensboro)

The Triad area has the most electronic-cigarette ad exposure, a children's health journal reports. The article in Pediatrics says current advertising could lead to increased use of e-cigarettes in youth and young adults. North Carolina is one of 39 states that bans sales of e-cigarettes to youth. 

State's largest independent insurance agency is sold

June 3, 2014

(The News & Observer, Raleigh)

Greensboro-based Senn Dunn Insurance has been acquired by White Plains, N.Y.-based Marsh & McLennan for an undisclosed amount. Senn Dunn, which employs 155 at offices in Charlotte, Greensboro, High Point, Raleigh and Wilmington, was the state's largest independent insurance agency.

BNC Bancorp completes acquisition of Community First

June 3, 2014

(Winston-Salem Journal)

BNC Bancorp has completed its $26 million acquisition of Chapel Hill-based Community First Financial Group, the parent company of Harrington Bank. High Point-based BNC, which operates as Bank of North Carolina, gains three branches and $225 million in assets from the purchase.

Burlington Industries gets $2.2 million military contract

June 2, 2014

(Winston-Salem Journal)

Burlington Industries was granted a $2.2 million contract to produce fabric for physical training shorts for the U.S. Marine Corps. Burlington, a division of Greensboro-based International Textile Group, has been awarded eight military contracts over the past 12 months. 

Mihal named new president of Forsyth Medical Center

June 2, 2014

(Winston-Salem Journal)

Denise Mihal becomes president of Forsyth Medical Center today. The Newark, N.J. native will be the sixth female hospital president at Winston-Salem-based Novant.

Asheboro medical-devices plant to close; 635 workers affected

May 30, 2014

(Winston-Salem Journal)

Arrow International will close its Asheboro plant by 2017 and 635 people will lose their jobs. The company, which makes medical devices including cathethers and surgical kits, is moving production to Mexico. Arrow is owned by Wayne, Pa.-based Teleflex Inc.

N.C. A&T foundation worker charged with embezzlement

May 30, 2014

(News & Record, Greensboro)

An employee at N.C. A&T University Foundation has been charged with embezzling about $400,000 over three years. Former Director of Accounting Shirlye Grandy was charged with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.

 

House of Raeford to hire 200 at Davie County chicken plant

May 28, 2014

(Winston-Salem Journal)

Rose Hill-based House of Raeford Farms will open a poultry-processing plant in Mocksville and hire 200 workers over the next two years. The company, which eliminated 890 jobs in Raeford and Rose Hill last year, bought the former Crestwood Farms/Townsend 65,000-square-foot plant for an undisclosed amount and plans to resume production there this summer. 

Wake Forest promotes Iacovou to dean of business school

May 28, 2014

(Winston-Salem Journal)

Charles Iacovou will become dean of the Wake Forest School of Business effective July 1. Iacovou has been with the university for seven years and has served as vice dean for the past two years. He replaces Steve Reinemund, who is stepping down after six years in the post.

Reynolds to add 200 jobs for e-cigarette production

May 27, 2014

(Winston-Salem Journal)

Reynolds American's Friday announcement of an expansion at its Tobaccoville plant for the production of electronic cigarettes came just 23 days after CEO Susan Cameron returned as the company's president and chief executive. The company will add 200 jobs over four years as it begins production of its VUSE brand e-cigarettes in Forsyth County.

High Point Regional cutting 155 positions

May 23, 2014

(The News & Record, Greensboro)

High Point Regional Health will eliminate 115 jobs, or about 5% of its workforce. Company officials cited reduced Medicare and Medicaid reimbursements and the impact of health-care reform as reasons for the cuts. Affected workers will be able to apply for other jobs within the the High Point Regional system or with UNC Health Care.

RJR building to become hotel, apartments

May 23, 2014

(Winston-Salem Journal)

The former R.J. Reynolds Tobacco Co. headquarters in downtown Winston-Salem has been sold to a Philadelphia developer that will convert it to a hotel, apartments and restaurant. PMC Property Group will pay $7.8 million for the 22-story building that first opened in 1929.

Winston-Salem company investigated for wire, health-care fraud

May 22, 2014

(Winston-Salem Journal)

Federal agents have seized documents, chemicals and other items as part of an investigation of Winston-Salem-based Carolina Liquid Chemistries Corp. The life-sciences company has been accused of wire fraud and health-care fraud worth about $135 million. 

Hotel developer buys downtown Winston-Salem property

May 22, 2014

(Winston-Salem Journal)

Greensboro-based CN Hotels Inc. paid $975,000 for a half-acre site in downtown Winston-Salem, though a company representative declined to comment on plans for the property.

E-cig factory, 300 jobs may be coming to Forsyth

May 21, 2014

(Winston-Salem Journal)

N.C. Rep. Julia Howard said an announcement will be made this week regarding the opening of a plant that makes components for electronic cigarettes. The Davie County Republican mentioned the project while the state General Assembly was discussing whether or not to add an excise tax to e-cigs. The factory, believed to be in Forsyth County, would employ about 300.

Ellwood Group to sell Rural Hall plant

May 21, 2014

(Winston-Salem Journal)

Ellwood Advanced Components, which previously announced plans to close its Rural Hall plant and lay off 144 workers by 2016, is selling the factory to an unidentified buyer. A notice filed with the N.C. Commerce Department said its remaining 55 workers may keep their jobs when the new company assumes ownership. The Ellwood City, Pa.-based company makes components for gas and steam turbines.