Regional Report Triad January 2014
Winston-Salem’s tale of two factories
During the heyday of American-made apparel, Winston-Salem-based Hanesbrands Inc.’s hometown manufacturing was done at two huge factories: Weeks hosiery plant on the north side and the Stratford Road plant, where underwear and T-shirts were made. Both were representative of the city’s stature as a manufacturing center — Weeks, for example, was the largest plant in North Carolina when it was built for $30 million in 1960 — but also are emblematic of the demise of that industry. Hanesbrands stopped making clothes at Stratford Road in 2007, sending 610 jobs overseas, and production at Weeks ended three years later. Statewide, employment in apparel manufacturing has fallen from more than 90,000 in 1990 to 8,200 in October, according to the N.C. Division of Employment Security.
WINSTON-SALEM — Sweden-based ASSA ABLOY agreed to acquire Amarr, a manufacturer and distributor of residential and commercial garage doors since 1951, for an undisclosed amount. The local company, which employs more than 1,200 in North America including 135 here, will operate as a subsidiary of ASSA ABLOY. The deal was expected to close by the end of 2013.
WINSTON-SALEM — Wake Forest Baptist Medical Center opened a $125 million, 530,000-square-foot Comprehensive Cancer Center Dec. 9, which makes it the largest cancer hospital in the state. The six-story addition increases the number of oncology inpatient beds from 113 to 148.
GREENSBORO — Prospect Brands acquired Duck Head clothing and shoe company for an undisclosed amount. Prospect will move its operations here from Richmond, Va., and relaunch the brand this spring.
WINSTON-SALEM — Novant Health hired former state Sen. Pete Brunstetter as the health-care system’s executive vice president and chief legal counsel. The Lewisville Republican, who replaces recently retired Larry McGee, left the General Assembly Dec. 15.