FIELDCREST CANNON CLOSING EDEN PLANT.(GENERAL NEWS)

From: The News & Record (Piedmont Triad, NC) | Date: October 5, 1996| Author: Reynolds, Jane; Krouse, Peter | Copyright information

Byline: JANE REYNOLDS AND PETER KROUSE Staff Writers

Fieldcrest Cannon will cut 750 jobs and transfer assets from its blanket division to rival company Pillowtex Corp.

-------------

Fieldcrest Cannon plans to close its blanket factory in Eden by the end of the year, eliminating 750 jobs and ending a tradition of blanket manufacturing in Rockingham County that goes back to the early part of the century.

Before closing the plant, Fieldcres...

Related newspaper, magazine, and journal articles from HighBeam Research

FIELDCREST CANNON CLOSING EDEN PLANT.(GENERAL NEWS)
The News & Record (Piedmont Triad, NC) ; ... division employees have worked diligently for this company. The news stunned Fieldcrest employees, many of whom have worked more than ... nonprofit organizations. It will be a big blow to the area. The news disappointed Railroad Cafe owner Homer Wood, who counts workers ...
FIELDCREST CANNON INC. TRYING TO UNLOAD ITS BLANKET DIVISION.(BUSINESS)
The News & Record (Piedmont Triad, NC) ; Fieldcrest Cannon Inc. said Tuesday it's seeking a buyer for its blanket division and has retained Prudential Securities Inc. as its exclusive financial adviser in the search. The maker of home-furnishing products said an information memorandum has been provided to a limited number of parties
Fieldcrest Cannon Stock Falls After Towel Maker Predicts Poor Third Quarter.(Originated from The Charlotte Observer, N.C.)
Knight Ridder/Tribune Business News ; ... ON THE INTERNET: Visit Charlotte.Com, the World Wide Web site of The Charlotte (N.C.) Observer. Point your browser to http://www.charlotte.com ----- (c) 1996, The Charlotte (N.C.) Observer. Distributed by Knight-Ridder/Tribune Business News. FLD,
Trader ready to take on Fieldcrest Cannon. (Originated from The Charlotte Observer, N.C.)
Knight Ridder/Tribune Business News ; Aug. 18--A veteran Wall Street trader, whe us d Chinese water torture last year to force the sale of a company, is poised to take on Fieldcrest Cannon, which last week bypassed a takeover offer. The Fieldcrest Cannon board thinks the shareholders are a bunch of idiots, and we're going to just take
Pillowtex to acquire Fieldcrest.(Fieldcrest Cannon, Inc.)(Brief Article)
Daily News Record ; Pillowtex Corp., Dallas, Tex., has agreed to buy Fieldcrest Cannon, Inc., Eden, N.C., for a combination of cash and Pillowtex stock valued in excess of $700 million. The merger will create one of the largest home textile manufacturers in the industry with annual sales in excess of $1.5 billion.