Yarn producer Spinrite to boost Beaufort’s textile sector

Gov. Bev Perdue announced that Spinrite Services LLC, a manufacturer of craft yarns, will locate a facility in Beaufort County. The company plans to create 90 jobs and invest $9.1 million over the next three years in Washington. The project was made possible in part by an $180,000 grant from the One North Carolina Fund.

“Creating jobs is my top priority,” Gov. Perdue said. “Spinrite’s expansion is the result of our top-ranked education and workforce training programs and highlights why we need to fund them. Those programs are an essential ingredient in our nationally acclaimed business climate that attracts companies like Spinrite and enables them to thrive.”

Spinrite Limited Partnership, based in Listowel, Ontario, is a wholly-owned subsidiary of Spinrite Acquisition Corp. Spinrite is a leading manufacturer and marketer of craft yarns sold throughout North America. The company has a diverse hand-knitting product line sold under its Bernat, Patons, Lily Sugar n’ Cream, Peaches and Crème, and Phentex brands.

Spinrite acquired certain assets, including the Washington facility, from Caron International, Inc in 2011. Workers who were laid off following that acquisition will have an opportunity to apply for new positions with Spinrite.

Salaries will vary by job function, but the total payroll for the new jobs will exceed $2 million.

“We are very excited about our new opportunity in North Carolina,” said Ryan Newell, President of Spinrite Limited Partnership. “The talented workforce in Beaufort County will provide an excellent foundation for further expansion and growth of our business. The One North Carolina Fund incentives were a key component in our decision to choose Washington over other alternatives.”

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