Newspapers / Winston-Salem Chronicle (Winston-Salem, N.C.) / Aug. 13, 1987, edition 1 / Page 16
Part of Winston-Salem Chronicle (Winston-Salem, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
I ' i Page A16 Winston-Salem Chr Beatrice f and later sold interests in several relatively small broadcasting properties before undertaking a leveraged buyout of McCall Pattern in 1984. TLC and senior members of McCall management acquired the sewing pattern company from Esmark Inc. for SI million in cash And S mill \r\n in * 111111IV/II ill UVUl. During the two years TLC owned the company Lewis became actively involved in its management. He recognized that although home sewm^ had-been declining as more women entered the work force, McCall had inherent economic strengths and strong management tl&t could be translated into higher profits, said Everett Grant, vice president of TLC. | McCall's operating earnings ? rose to S14 million in 1986 from a previous peak of $6.5 million, while its earnings per share nearly ~ tripled from 1984 to 1986. ? This past July, TLC and the others sold most of their holdings to an investor group led by the British textile concern John Crowther Group to net total gains of $90 million, a 90-to-l cash return . ?The^ntire transaction was a textbook leveraged buyout in terms of having done everthing well," said Dean C. Kchler, a managing director of Drexel Burnham Lambert Inc., the investment bank that is financing TLC's buyout of Beatrice International. Grant said the buyout of Beatrice International, while much higg?r_than the McCall deal, reflected TLC's strategy of finding companies that are leaders in their respective businesses and already have top-quality management in I place. k Beatrice International comprises 64 companies in 31countries, involved in wholesale , Jackson i r From page A1 MflNIHIIIIIMIMfMIIIHIHUIIIIIINIIIIMNINNUIIIUIIIIIIIII pads," Daniels said. "He's not going to get out onto the professional football field without the proper support _ that means money." Jackson ran unsuccessfully for the Democratic nomination in 1984. Read From page A1 The ABE program also has I classes for people unfamiliar with English. "English as a Second Language" offers three classes to help -foreigners -understand .and? speak English more fluently. Forsyth Tech also offers a 12I hour program to train volunteers to teach reading one-on-one, Mrs. Coleman said. The first class for the tutors will be on November 3, she said. The-ABE program will begin new fall classes September 8. Preregistration for the classes starts August 24. All ABE students have something to look forward to this fall. Mrs. Coleman said that as before, only a few classes used the Plato computer, Forsyth Tech now plans to start an open computer lab on its West Campus. Anyone interested in the ABE program or in volunteering for the tutor program should contact Forsyth Tech's Continuing T* J - - mm rs> caucaiion at /ou-zj /i. Vandals From page A1 lock on her door trying to break in. A Boone, N.C. native, Parks purchased her home in January and moved in in March. She has been a flight attendant with Piedmont since 1985. V / vmclc Thursday, August 13. 1S *wtwmwtnn>?iiiHMiiHHHMinuromwnmmniniiiM?i :rom page A1 IfvwW'vlV llllll ? IIVVIN WWMftwWwlll IVIIVvVllvVf IIIWVVIvVIVII and retail dislribuuon ot foods and household products that include Tropicana juices, Peter Pan peanut butter and Orville Redcnbacher popcorn. Grant said TLC also seeks companies where it can play an active management role, studying its operations to determine changes needed to bring out the greatest value ot its businesses. In this respect, Grant and others said Lewis had been a key element in TLC's ability to suceed with McCall Pattern and to bring off the HkSR (71 ED KELLY'S | I IV I* *?*HU Ni.MII I3|| 'MMM 91 Mtif . mVIIMP CtlMT (M? ASK YOUR FAVORITE SALESPERSON ABOUT OUR wm Nrw rilARGE CARPI M I PORTABLE 1 yj| COLOR TV L^-- rllll H 13" DIAGONAL K WITH REMOTE H Sensor touch I remote control [ J Black matrix picture H tube *100% solid state chassis I "PfMst- $H QQ automatic color controls I f| HeU SflMSUlUG H wTth hc^circwtry I I WIRELESS REMOTE CONTROL Front-loading system M l4-day/4-event M I amrw a ?M I Picture *J U I^H search I I NOW ONLY I ra Slow-motion Frame advance I Autematlc >, ?-J II U MOOEL NO. ^ ( 0| HS-337UR | 11 I ^K~| equalizer ^Ml AMFM stereo i hil ,un#f I J Double cassette deck ej f\0 I automatic I Ml turntables I l only Sim. to lllus. Hr if ih REMOTE-CONTROL li COLOR TV M . M 'Quart*-controlled , B ib^^H , I ?178-channel , w s^yg B UH^iw 11S rM Sks I AS 9 AUfflCGNMftfffH NHHHHIBFy w?ffumE *w I TV -AUDIO call Our | APPLIANCES WINST, <4 s* 187 Beatrice International deal. "Some investors might be' more investors or deal guys, but I'd characterize him as an active investor," Grant said of Lewis. "... He's somebody who really likes to get involved in situations, get his hands dirty." Lewis was said to be traveling in Europe and unavailable for comment. Grant said Lewis' strength u:.. - ?was iii.v uiiauuai ueauvuy, a luiem he believed would be_used widely. wpj i i ifg] 'Emerson*^ il ml] am/fm iull stereo ffihb pysli boom-box IB HII Aulojtop, stereo. Ptay/ record c ass ere deck II 'One-touch ^ IHII recording *29 n x/ LIMITED TO II ONLY CERTAIN STORES I IEFRIGERATOR REFRIGER iSW^Mrt side1 ? :U? |3a?No-fingerprint * extured steel doors ' ^5juA Vegetable crisper shelves Durable DURASHIELD * S^?c*'Mvir nterior liner width ONLY $598 $A91 ELLY'S "saving you m It NIWIY REMODELED SUPER SHOW IS CREEK PARKWAY, WINSTON-SAIE IN.-FRI. 9-9; SAT. 9-6 PHONE 725-4! RVING N.C. SINCE 194 s to k w lowtsi niuiu ?ne iiu ??me jo mrs? won dm r uq it? urn ittwn 9 out wu kmc 1* nraen rib a* 011 Toll Free Number For Service 1-8( dn salem greensboro saiisb 9 mmmmmmmmmmmtmmmmrnmmmmmmmmt in directing Beatrice- International's far-flung operations. But although he characterizes Lewis as the driving force in TLC, and notes Lewis will be involved heavily in Beatrice International, Grant does not believe the latest acquisition will hinder further dcalmaking. "He definitely has the capacity, and the group has the capacity, of doing other transactions," Grant said. "We're looking at other situations now, as wealway&are/' ? ? m [TURD |OON-q nwonin" ' I IfeciTII ?.... , ?-r WIRELESS SMALLEST remote I GIANT- 1 1 I SCREENBMHB^^N | I TV 1 IJ I Second audio prograrmwr^^^^^^^^ Compact cabinet design - Stereo TV I reception with <? ^ A gm | dbx noise n> | ?Vl fl M reduction i WWW ^Sfros^^larg&capaJ ator with F==r\ was! ' FACTORY- rTh ' I r~JJ INSTALLED ICEMAKER ,,, r, | Full-width III ^r.?vegetable jl ^ Dyyi &im. \ c?i door swing pi-U?' J: J ^5Rkfp2>l ^ el doors ull-width ?28" NOW $' ONLY * 3 WORKING DRYFR,NG *2 TRADE PHYEH /* BOOM" w 0 151 ? 0606 dS9BS9 I [monthIOWHpticfis _, wwousmaiFuu pl I Fl >0-642-0933 B^B F( Al URY BURLINGTON HIGH POINT ? "V ? ?? ?? / i l , . . CHURCH NEWS DEADLINES ... 1 he Chronicle welcomes cliuich news and calendar items. 1 he deadline foi announcements is Monday at 5:30 p.m. I Open An Account I I Downtown At... ? I . Hours 9:15-5:30; Closed Wednesdays J | 520 M. U1IRTY .Htfm im .miwmw 722-7474 ,| i visa* JK == DISH^ WASHER || BW 1^ Po?_?ndPan?, ^r Normal. Light/ China. Enemy-. Saving No-Heat dry ' jj^ . ^^B Porcelain tank and door ?????PMBBB?-a LL^9..^H NC^FROST fflgtoire^^ra RE FRIGE- WM 'Specialmeal drawer A SPECIAL FLAIR Textured steel reverse ^^B_ doors (ft ^ ^ ^ | ^Hil *<ah?S? <Pl% JU l^H _ shelves I HU^LeaN j-=J^wl ! DISHWASHER^pMj^C^ I Sell-cleaning A JM I ^ I?-w J I k ^^ 1 ^nodmconlr?l fc^l MAYTAG U I ^^ 1 Rinse and Hold W ^^^ 1 Pets and Pans cycle * m; -m Ml as. _; $393 H H k IB JH ^Hl Similar to Illustration r w g^MsiuyaBi I * flFHH wa?4.1CU.Frl I I "JnTv UNDER- I I ??? feM COUNTER* g?^? Re/flfr REFRIGE-I I Rt?i mfMflA; RATOR \g|8llffl^;^ru' I Freezer space 1.7CU. FT. ?^ CO II REFRIGERATOR | OO II NOW ONLY $88 I ELECTRIC I Y?^ range Sj? - -*r~~ badtgvart ^ ?24* wide ^ oven Recessed | I cooKtop with prop rod Fhgldaire 9 Removable H OYendoor DEFROST REFRKSE-^^^^IB^^^B^^^H HER RATOR/FREEZER -** ^-' H CLOSEOUT fil 2 Automatic ^ wwu,ww 1 temperatures ON Large load , c*?*y SELECTED I i ROOM air No-fingerprint CONDITIONERS I textured steel doors p% mm Adjustable full-width Reversible door swing e Q A \/ CI m Super storage door \Jr\ V ^ ? _ shelves , ?V f'SllAS CHEEK WCWY. asaa^n^H, : 1 ??'<^IRV.I.P. 1ISUPIR SHOWROOM" jW MEMBERSHIP j I ^ siLMMtK tP| WORTH OVER $50 ll ^ __| * J (with selected purchase ! I xsrVLras I /" i 8 *1 ?t VCR*#) j i fL^n* I my I tttt* PTftW* ^ J > EE CAOLE HOOK UP I tj tkmmcal | I NMVMMlj \\ CI 1EE COLOR NO CHARGE I ? -'^%1 CUAU \\ ? 3R COLOR ON ANY I t ***** \\ * 'PLIANCE I 1 I 1 \X > LEXINGTON EDEN | V i ^ t
Winston-Salem Chronicle (Winston-Salem, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Aug. 13, 1987, edition 1
16
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75