- Harris-Teeter Parent to Acquire Textile Firm
CHARLOTTE, N.C. -- Ruddick Corporation, owner of the Harris-Teeter supermarket chain here, said yesterday its sewing thread subsidiary, American & Efird, Inc., has agreed to buy Robison-Anton Textile Co., a $24 million embroidery thread and yarn manufacturer. Financial terms of the deal were not disclosed.
- American & Efird to Close Plant in December
Thread manufacturer American & Efird will shut down its yarn spinning plant in Maiden, N.C. in December, according to a statement released by its parent company, the Charlotte, N.C.-based Ruddick Corporation.
- A&E Builds through Foreign Alliances and Acquisitions
Charlotte, N.C.-based announced that its subsidiary, American & Efird Inc., has entered into a strategic joint venture in Brazil with Millefios Participacoes Ltda. Millefios, through its subsidiary Bonduki Bonfio Ltda. and an affiliated company, manufactures and distributes sewing thread in the industrial markets of Brazil. According to the company, Bonduki ......
- A&E Builds through Foreign Alliances and Acquisitions
Charlotte, N.C.-based announced that its subsidiary, American & Efird Inc., has entered into a strategic joint venture in Brazil with Millefios Participacoes Ltda. Millefios, through its subsidiary Bonduki Bonfio Ltda. and an affiliated company, manufactures and distributes sewing thread in the industrial markets of Brazil. According to the company, Bonduki ......
- American & Efird Forms Joint Venture with Chinese Company
Ruddick Corp., Charlotte, N.C., announced that its sewing thread subsidiary, American & Efird, has formed a joint venture with Chinese company Ningbo Veken Elite Group Company Ltd. to manufacture, distribute and sell sewing thread for industrial and consumer markets in China and for export markets.
- American & Efird Buys Competitor Robison-Anton
American & Efird Inc. (A&E) announced an agreement to purchase certain assets of the thread and yarn business of Robison-Anton Textile Co. and certain of its affiliated companies. Financial terms of the deal were not disclosed.
- New Stores Boost Harris Teeter's Q1 Sales
CHARLOTTE, N.C. -- New-store activity and higher comparable-store sales helped Harris Teeter increase first-quarter sales 11.2 percent, to $796.3 million, parent company Ruddick Corp. reported yesterday. The retailer revealed plans to open 16 new stores during fiscal 2007, with a continued emphasis on the northern Virginia market.