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Statewide: Charlotte region, September 2014

STATEWIDE Charlotte Region

""Walking on Sealed Air

A month after two fast-growing Charlotte companies picked South Carolina for new offices, North Carolina struck back with the recruitment of Sealed Air, the biggest Fortune 500 headquarters score in state history. While the producer of Bubble Wrap is moving its headquarters from Elmwood Park, N.J., about 750 of the 1,263 jobs headed to Charlotte over three years are coming from the Greenville-Spartanburg, S.C., metro. The announcement eased Charlotte’s pain after Lash Group, a division of Chesterbrook, Mass.-based AmerisourceBergen, and Boston-based LPL Financial said they are moving more than 2,000 jobs to Fort Mill, S.C. Sealed Air, which is getting $39.2 million in state incentives tied to job growth, preferred Charlotte, with its airport hub and pool of financial and technology workers, to Greenville. They also had an insider’s view through Chief Financial Officer Carol Lowe, a UNC Charlotte graduate who joined the company in 2012 after working 10 years at Charlotte-based Carlisle, which makes industrial products. She joined Sealed Air just months before President Jerome Peribere, who was promoted to CEO in March 2013.


MATTHEWSFamily Dollar Stores, the discount chain started in Charlotte by Leon Levine in 1959, drew takeover bids from two rivals. Chesapeake, Va.-based Dollar Tree’s $8.5 billion cash-and-stock offer, accepted in July, was trumped by Goodlettsville, Tenn.-based Dollar General’s $9.7 billion all-cash bid in August. Dollar General plans to cut as much as $600 million in annual costs, raising worries of job losses at Family Dollar’s 1,400-employee headquarters here. The combined company would operate about 20,000 stores.

CHARLOTTESpectra Group will open an office here, creating 250 jobs by the end of 2018 with an average annual salary of $84,996, higher than Mecklenburg County’s $59,046. The Princeton, N.J.-based bank-technology consultancy will invest up to $2 million and lease a 12,864-square-foot office. It is eligible for more than $2.9 million in state grants.

CHARLOTTEFrontier Capital invested $25 million in NetDocuments, a Lehi, Utah, provider of cloud-based storage and management of documents and email for law firms and other businesses. The private-equity firm, founded here in 1999, invests in technology and software companies with annual revenue of $5 million to $30 million.

MONROEGlenmark Pharmaceuticals will invest $17 million in a 100,000-square-foot plant and hire 41 people by the end of 2015. The jobs will pay an average annual salary of $68,000, higher than Union County’s $38,450. The Mumbai, India-based company makes oral contraceptives and other generic medications. It will receive a grant of up to $340,000 over five years.

CONCORD — Memphis, Tenn.-based FedEx will invest $41 million in a distribution center here for its SmartPost residential-shipping unit and add 59 full-time and 462 part-time jobs over three years. Some positions will be filled by employees from a Charlotte distribution center that FedEx is closing.

CHARLOTTESteven Jones, 46, was convicted of racketeering and money-laundering conspiracy, securities fraud and other charges in a scheme to bilk investors. He is among 86 people convicted or who pleaded guilty in the federal Operation Wax House probe of a $75 million mortgage and investment scheme in Mecklenburg and Union counties.

CHARLOTTEPremier will acquire TheraDoc, a subsidiary of Lake Forest, Ill.-based Hospira, for $117 million. Premier provides purchasing and data-management services to about 3,000 hospitals and 110,000 other health-care providers. TheraDoc’s software alerts medical staff to potential infection risks. 


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