Plant owner: 81 jobs at risk
Pisgah Yarn & Dyeing selling assets, will likely close
Published: January 20, 2011
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.”