A Publication of the Randolph County Economic Development Corporation
May 2024
Pictured: Rick Powell, President of PEMMCO Manufacturing
PEMMCO Opens Second Plant In Asheboro
Asheboro-based PEMMCO Manufacturing has purchased the assets of Autocraft Technologies, which was located at 331 Rock Crusher Rd, Asheboro, NC 27203. This acquisition includes the 15,000SF building as well as Autocraft's machining assets and book of business. Acquiring Autocraft will allow PEMMCO to expand its machining capabilities in the automotive and aerospace sectors, among other opportunities. PEMMCO expects the acquisition to create five new jobs in Asheboro.
Local News and Announcements
Theodore Alexander has unveiled a new campus in Archdale, at the former United Furniture site. Read More
A sculpture of Billy Graham, cast at Carolina Bronze Sculpture,was recently placed in the Statuary Hall of the United States Capitol - one of two North Carolinians represented at the Hall.Read More
Covanta has rebranded to Reworldto reflect new initiatives and an updated focus. Read More
Randolph Community College has unveiled a new $18.5 million capital plan, supported by $8.5 million from Randolph County. Read More
Chandler Concrete has been purchased by Maryland-based concrete company Chaney Enterprises. Read More
Toyota has announced a $1 million dollar donation to Randolph County Schools, in support of STEM education. Read More
Klaussner Buildings on the Market
Schwarz Properties, based in Asheboro, has acquired two former Klaussner Furniture buildings, representing approximately 400,000 SF of industrial space on Highway 220 in Asheboro. The buildings' owners have expressed that they are already seeing interest in the space. Read More.
Pictured: Klaussner Buildings recently acquired by Schwarz Properties
Congratulations to our very own Lisa Bennett!
Lisa recently celebrated her 22nd anniversary at Randolph EDC. We are so thankful for all of her hard work. Lisa is always ready to help in any way and brightens our office with her smile and sense of humor.
Thank you, Lisa!
Brantley Craft Moving On
After nearly two years with our EDC (the first as an intern and then fulltime for the past year) Brantley Craft has accepted an offer with the High Point EDC. Brantley has done a great job serving our existing industry and we hate to see him leave, but we wish him well in his new role. His last day with us was May 23. We'll backfill the Existing Industry Director position and will be posting a job ad soon.
Recent Renewals
Thank you to the companies below which recently renewed their support of the EDC and the Randolph Rises campaign. We would especially like to welcome our new investors, Asheboro Fire & Security, Cone Health, and New Atlantic Construction.
If you are interested in becoming a Randolph Rises investor, please click the button below.
