NEWSWATCH

Ruddick Corp., Charlotte, N.C., parent of Harris Teeter here, said last week it has reached an agreement for its other principal subsidiary, American & Efrid, a leading manufacturer and distributor of industrial apparel thread, to purchase a leading British manufacturer of industrial non-apparel thread. Ruddick's American & Efrid (with sales of $355 million, will pay approximately $93 million for

Ruddick Corp., Charlotte, N.C., parent of Harris Teeter here, said last week it has reached an agreement for its other principal subsidiary, American & Efrid, a leading manufacturer and distributor of industrial apparel thread, to purchase a leading British manufacturer of industrial non-apparel thread. Ruddick's American & Efrid (with sales of $355 million, will pay approximately $93 million for all outstanding stock of Hicking Pentecost, with sales of about $200 million). The acquis

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