Triad

Greensboro joins cities vying for Boeing plant

December 6, 2013

(The News & Record, Greensboro)

According to a city council member, Greensboro officials are putting together a proposal to recruit a new Boeing plant to the Piedmont Triad International Airport. Charlotte is also among the 40 cities reported to be considering a proposal for a plant to manufacture Boeing's 777X jetliner.

New Greensboro coffee company brings back familiar blends

December 6, 2013

(The News & Record, Greensboro)

A former owner of Tobacco USA has started a new coffee company that will bring back some of the blends once sold through the now-shuttered retail business. Piedmont Coffee Roasters does not currently have a retail outlet but sells its coffee through a company website.

Charlotte's OrthoCarolina acquires Triad orthopedic group

December 5, 2013

(The Winston-Salem Journal)

Winston-Salem-based Orthopaedic Specialists of the Carolinas will join OrthoCarolina, a Charlotte practice with locations in Western N.C. that says it treats more than 1 million patients annually. With the addition of Orthopaedic Specialists' 20 physicians, the practice will have more than 140 physicians at 33 offices.

Lexington candy company gets $14.4 million investment

December 4, 2013

(The Lexington Dispatch)

Charlotte investment firm Plexus Capital has invested $14.4 million in Lexington-based Piedmont Candy Co. The company, famous for its Red Bird peppermint puffs, will use the money to add employees and purchase new equipment.

Krispy Kreme share prices fall despite rise in net income

December 4, 2013

(The Winston-Salem Journal)

Krispy Kreme stock fell almost 20% Tuesday, despite the company reporting a 34.4% third-quarter increase in net income to $6.78 million.

Wake Forest Baptist names new strategy officer

December 3, 2013

(The Winston-Salem Journal)

Terry G. Williams has been named vice president of strategy and network development for Wake Forest Baptist Medical Center. Williams has worked with over 200 health-care organizations in his 20-plus year career, most recently as chief strategy and growth officer at a 12-hospital system in the Midwest. 

Unifi buys yarn-maker's assets to expand product lines

December 3, 2013

(The News & Record, Greensboro)

Greensboro-based Unifi has purchased yarn-manufacturing equipment and other assets of American Drawtech, which moved its operations to Yadkinville. A company spokesman said the purchase will allow Unifi to expand its product offerings into industrial belting, hose and thread industries.

Winston-Salem company introduces new energy drink

December 2, 2013

(The Winston-Salem Journal)

A new Winston-Salem beverage company has launched an energy drink as a more authentic alternative to other extreme energy drinks on the market. The drink from Sunshine Beverages LLC has a ginger-berry taste and lists among its ingredients caffeine, electrolytes, vitamin B-12 and ginger-root extract.

Lexington brick-maker to close, sell Cleveland County plant

November 27, 2013

(The Lexington Dispatch)

Cunningham Brick Co., a 104-year-old brick manufacturer based in Lexington, is closing its Lexington office and a plant in Thomasville. Johnson City, Tenn.-based General Shale Inc. has purchased Cunningham's only other existing plant in Cleveland County.

Furniture Brands to become Heritage Home Group

November 26, 2013

(The Winston-Salem Journal)

The new owner of Furniture Brands International will rename the company Heritage Home Group LLC and has named Ira Glazer as its new president and chief executive, replacing Ralph Scozzafava who has resigned. Once the nation's largest furniture manufacturer, Furniture Brands has cut at least 8,860 N.C. jobs over the past 12 years.

Brunstetter will leave N.C. Senate to join Novant Health

November 22, 2013

(The Winston-Salem Journal)

Novant Health announced it has hired N.C. Senator Pete Brunstetter as executive vice president and chief legal counsel. Brunstetter will retire from the N.C. General Assembly on Dec. 15. 

Guilford County will fund nonprofit to explore Project Haystack

November 22, 2013

(The News & Record, Greensboro)

The Guilford County Board of Commissioners voted Thursday to contribute $30,000 toward establishing a nonprofit to oversee Project Haystack, a proposed plan to create a multi-county industrial park to attract economic development, and to hire an attorney to create an agreement with neighboring counties.

KPS only bidder in Furniture Brands auction

November 21, 2013

(The Winston-Salem Journal)

A U.S. Bankruptcy Court canceled an auction of Furniture Brands International's assets because the only bid received was one from stalking horse bidder KPS Capital Partners. Samson Holding Ltd., the furniture company's top stakeholder, had indicated it would submit a bid but changed its plans when the auction date was moved up from Dec. 10. 

New York firm buys 7% stake in Winston-Salem's Primo Water

November 20, 2013

(The Winston-Salem Journal)

New York-based Zelman Capital LLC has bought 1.7 million shares of Winston-Salem-based Primo Water Corp. for a 7% stake in the company. Primo's president and chief executive Billy Prim maintains the top shareholder position with a 10% stake in the bottled-water company.

Piedmont Triad airport reports drop in passengers, increase in cargo

November 20, 2013

(The News & Record, Greensboro)

Passenger traffic was down about 1.1% in October at Piedmont Triad International Airport compared with a year ago, but cargo, measured by pounds of freight, saw a slight increase for the same time period.

Davie County company now sells muscadine products internationally

November 19, 2013

(The Winston-Salem Journal)

Davie County's Nature's Pearl Corp. has expanded its distribution network to include Canada, Jamaica and the Phillippines.  The company makes and sells supplements, energy drinks and skin- and personal-care products containing antioxidant-rich muscadine grape juice and seeds.

Phil Berger Jr. to announce congressional run

November 19, 2013

(The News and Record, Greensboro)

Republican Phil Berger Jr. is expected to announce his candidacy for U.S. Congress on Wednesday in Rockingham County, where he currently serves as district attorney. Berger, the son of N.C. Senate leader Phil Berger Sr., will run in the 6th District for the seat now held by U.S. Rep. Howard Coble. Coble recently announced he will retire at the end of the current term.

High Point Mayor Bernita Sims indicted for worthless check

November 19, 2013

(High Point Enterprise)

High Point Mayor Bernita Sims was indicted in Guilford County on Monday for passing a worthless check. Sims allegedly wrote a $7,000 check to a family member as part of an estate settlement; the charge is a felony because the amount is greater than $2,000.

Chinese firm wants to sell Greensboro's leaves to Japanese gardeners

November 15, 2013

(The News & Record, Greensboro)

Greensboro has a glut of leaves, an estimated 50,000 tons decaying at a landfill, and Chinese company Super Granger wants to take the leaves and ship them to Japan, where gardeners don't have enough of them to use as mulch but have plenty of money to spend on gardening products.

BB&T expands services in Dallas

November 15, 2013

(The Winston-Salem Journal)

BB&T has opened its first wealth-management office in the Dallas/Fort Worth area, where it already operates 34 bank branches. BB&T first entered the Texas market in 2009 when it acquired 19 Colonial Bank branches there.