Ruddick Sheds Its Threads; Analysts Cheer

CHARLOTTE — Ruddick Corp., parent of the Harris Teeter chain, has finally sold its American & Efird industrial thread division, a move analysts said would provide better visibility of the publicly held supermarket operator's performance. While A&E had more recently made significant progress in improving its profitability, we believe this transaction is an extremely positive development, and has been

CHARLOTTE — Ruddick Corp., parent of the Harris Teeter chain, has finally sold its American & Efird industrial thread division, a move analysts said would provide better visibility of the publicly held supermarket operator's performance.

“While A&E had more recently made significant progress in improving its profitability, we believe this transaction is an extremely positive development, and has be

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