Locally based Pharr to exit yarn business with planned sales of multiple units

Pharr, a McAdenville company built around yarn production, is exiting the yarn, performance textiles and floor covering businesses with the sales of those units planned for early next year. What will remain are the real estate development and hospitality management divisions that CEO Bill Carstarphen's grandfather brought to the family company in the 1960s. Pharr is selling the manufacturing businesses that employ most of its 1,250-person workforce in three McAdenville and Georgia plants. Coats…

from Charlotte Business News - Local Charlotte News | Charlotte Business Journal https://www.bizjournals.com/charlotte/news/2019/11/26/locally-based-pharr-to-cease-yarn-production-with.html?ana=RSS&s=article_search