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30
Eden, N. C., March 6, 1972
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Ui^^^SU VISITORS—Environmentalists from North Carolina State University see
j, waste water treatment system at Foremost Screen Print plant, Stokesdale.
left, Dr. Carl E. Bryan, L. C. Cheek, Jr., Olsen Associates; Prof. David H.
and H. E. Williams, Fieldcrest chemical engineer. See page eight.
^ackenhut Now Providing Security Services
Wackenhut Corp. of Coral Ga
Fla., began providing security ser
ts,
for Fieldcrest Mills, Inc., effec-
^arch 1.
to( Beaver, director of security
Fieldcrest, said the contract with
tj^*^enhut calls for an initial security
of some 80 guards and supervisors,
also announced that Wackenhut
harned Major E. R. Pistilli, of Eden,
k,t’'^oject manager for the Fieldcrest
Security operation.
j. ^ajor Pistilli has an extensive back-
5(l '^hd in plant and corporate security
Sf familiar with the extensive op-
hons of Fieldcrest,” Mr. Beaver said.
Ijg Wackenhut security force will
kf®®Ponsible for security for Fieldcrest
lQj,^^ties at Eden, plus seven other plant
^hons in North Carolina and Virginia.
George R. Wackenhut as presi-
The Wackenhut Corp. is one of
jjj.*iation’s largest international investi-
"'6 and security organizations. With
J^ividend Announced
Voj factors of Fieldcrest Mills, Inc.,
February 22 to pay a quarterly
Ij ['^snd of $.35 per share on March 31
' 'holders
of record March 17.
executive offices in Coral Gables, its
operations extend from Europe to South
America, the Caribbean, Canada and
across the nation to Hawaii.
Sales Set Record
Record sales were reported February
22 by Fieldcrest Mills, Inc., for the year
1971. Sales rose to $227,275,000, up 7%
from $211,629,000 in 1970.
Earnings before an extraordinary item
increased to $7,907,000 in 1971 from
$7,833,000 in 1970 and amounted to $2.22
per share versus $2.21 per share in 1970.
The sale of the Company’s factoring
subsidiary, John P. Maguire & Co., Inc.,
in October resulted in an after-tax gain
of $2,733,000 or $.77 per share. Total
net earnings were $10,640,000 or $2.99
per share.
Chairman G. W. Moore observed that
“The slow economic recovery from de
pressed 1970 levels and price weakness
in Fieldcrest’s major markets had an
adverse effect on 1971 margins.
“Announced price increases in several
important product lines and the early
1972 sales improvement lead us to be
optimistic about the prospects for 1972.”
No. 17
St. Marys Division
Given Vendor Award
The St. Marys division of Fieldcrest
Mills, Inc., has been named Vendor of
the Year by Great Eastern Linens, Inc.
The award is given in recognition of
outstanding service, delivery and co
operation.
David M. Tracy, president of the
Fieldcrest/St. Marys Marketing Divi
sion, accepted the award on behalf of
St. Marys at Great Eastern’s annual
award dinner in West Orange, N. J.
Eugene Kalkin, president of Great
Eastern, presented the award.
In accepting the award, Mr. Tracy
noted that Great Eastern was St. Marys’
first customer on joining Fieldcrest
Mills, and continues to be one of St.
Marys’ most valued accounts.
St. Marys plays a major role in sup
plying the mass markets with quality
bed and bath fashion textile products.
In addition to Mr. Tracy, attending
the dinner from Fieldcrest were O. G.
Grubbs, E. F. McCarthy, H. E. Lawless
and R. E. Flammer.
it'
David M. Tracy (left) accepts Vendor
Award presented by Eugene Kalkin.
Spring Introductions
Fieldcrest is introducing “Bold and
Brassy” and “Razzle Dazzle”, two new
One Look collections for spring 1972.
National magazine ads featuring
“Bold and Brassy” and other collections
will be appearing throughout the spring.
The ads also will help to introduce
the new Fieldcrest logo on a national
scale. See pictures and story on page
three.