Ruddick to Sell A&E Division

CHARLOTTE — Ruddick Corp., parent of the Harris Teeter chain, said Thursday it has agreed to sell its American & Efird industrial thread division to KPS Capital Partners for $180 million in cash.

CHARLOTTE — Ruddick Corp., parent of the Harris Teeter chain, said Thursday it has agreed to sell its American & Efird industrial thread division to KPS Capital Partners for $180 million in cash.

The transaction is expected to close in Ruddick's first quarter of fiscal 2012, which ends Jan. 1, and is subject to closing conditions. As a result of the transaction, the company expects to record

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