400 could be out of work as NC carpet plants close


The Associated Press
Posted: Tuesday, Jan. 01, 2013

ABERDEEN, N.C. A carpet company says it is closing two plants this
summer, leaving almost 400 workers without jobs in Moore and Scotland
counties.

Gulistan Carpet told employees in a letter Friday it will file for
bankruptcy and close its plants in Aberdeen and Wagram.

On its website, Gulistan traces its roots back to an Armenian textile
importer who founded his business in Turkey in 1818. The company
bought the carpet plant in Aberdeen in 1957 and is now owned by
Hampton Capital Partners LLC.

Moore County Chamber of Commerce President Patrick Coughlin says his
group is doing everything it can to help Gulistan find a buyer and try
to save jobs.

Moore County's unemployment rate was 8 percent in October, while
Scotland County's rate was 15.7 percent.


http://www.charlotteobserver.com/2013/01/01/3759383/400-could-be-out-of-work-as-nc.html#storylink=cpy