Sunday, January 23, 2011

Total bummer

Plant owner: 81 jobs at risk

Pisgah Yarn & Dyeing selling assets, will likely close

Plant owner: 81 jobs at risk

Pisgah Yarn & Dyeing was founded 40 years ago by Harold Lonon Sr. (Photo by Mike Conley/nconley@mcdowellnews.com)



Within the next few months, Pisgah Yarn & Dyeing will effectively shut down its operations in Old Fort.Show all

Jack Lonon Jr., president of the family-owned company, told The McDowell News on Thursday that the company’s assets will be sold to Spinrite Yarns of Canada. The sale will become final on Feb. 25. After that, the future of the business will be uncertain.

“There’s too many things up in the air,” he said. “I am not sure what is going to transpire.”

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1 comment:

onemorerow.net said...

It seems strange that someone who employs 80 people is the "little guy". That's quite a few jobs. I always think of the "little guy" as small independent dyers. It almost feels like there is no room for the middle sized guy anymore. The two b's survive...big and boutique.