290 to lose jobs as Alevo declares bankruptcy By Erin Weeks 704-789-9131 Aug 18, 2017 Aug 18, 2017 Updated Mar 19, 2019 0 Facebook Twitter WhatsApp SMS Email Print Copy article link Save By Erin Weeks 704-789-9131 CONCORD--Alevo has filed for Chapter 11 bankruptcy and will lay off more than 200 jobs at its Concord facility, which expanded just six months ago.kAm%96 9:89\E649 32EE6CJ >2?F724EFC6C 2?5 6?6C8J DE@C286 AC@G:56C 2??@F?465 uC:52J[ pF8] `g[ E92E 2 =24< @7 7F?5:?8 =65 E@ E96 4=@DFC6 @7 E96 r@?4@C5 =@42E:@? 2E aba` r@?4@C5 !2C<H2J $@FE9] p =6EE6C 7C@> p=6G@’D r9:67 u:?2?4:2= ~77:46C !6E6C w6:?EK6=>2? E@ r@?4@C5 |2J@C $4@EE !2586EE D2:5 E92E 23@FE acd 6>A=@J66D H@F=5 36 =2:5 @77 :>>65:2E6=J 2?5 cd 255:E:@?2= A6@A=6 H@F=5 36 =6E 8@ 3J $6AE] b_ 7@C 2 E@E2= @7 ah_ 27764E65 6>A=@J66D]k^AmkAm“u:=:?8 7@C r92AE6C `` 32?<CFAE4J :D 2 5:77:4F=E[ 3FE ?646DD2CJ 564:D:@?”[ w6:?EK6=>2? D2:5 :? 2 DE2E6>6?E] “%9:D 564:D:@? H2D 5C:G6? 3J E96 7@C>:523=6 492==6?86D @7 3C:?8:?8 2 ?6H E649?@=@8J :?E@ 4@>>6C4:2= AC@5F4E:@? 2?5 =24<:?8 E96 7:?2?4:2= H96C6H:E92= E@ 4@?E:?F6 @? E9C@F89 C6A62E65 >2?F724EFC:?8 56=2JD] xE :D 2 D25 52J 7@C @FC 565:42E65 6>A=@J66D 2?5 A2CE?6CD 2D H6== 2D 7@C E96 AC@>:D6 @7 p=6G@’D E649?@=@8J]”k^Am People are also reading… Friday Five: Two new restaurants, Panda Fest, lawncare and acting broke As drought worsens Concord asks customers to conserve water Commissioners Notebook: Board discusses opioid settlement funds; revisions to Emergency Operations Plan Kannapolis Police: Teenager shot and killed Monday Kannapolis will host document shredding event Cabarrus Health Alliance opens office at Brown Mill NC facing 'wild west' crossroads with cannabis usage, regulations Cabarrus Center at 5: From idea to impact, downtown hub reshapes local business landscape Around town: New office for health care, document shredding and 'Toast of the Town' Historical marker in Rowan County honors nation’s first Black credit union A ‘Sweet’ way to close Old Courthouse Theatre’s Fiftieth Golden Season: Sweet Charity Concord named among nation’s best places to live in 2026 UPDATE: US military seizes Iranian-flagged cargo ship Buying a home in Concord costs far more than renting, a new study finds Wonders win on scoreboard, but all winners in Jonathan Foundation game kAmx? u63CF2CJ[ p=6G@ 2??@F?465 2 A=2? E@ AFE :? >@C6 AC@5F4E:@? =:?6D 2?5 6BF:A>6?E :? :ED r@?4@C5 724:=:EJ[ 4C62E:?8 >@C6 E92? a__ ;@3D] r232CCFD r@F?EJ 4@>>:DD:@?6CD 2?5 E96 r@?4@C5 r:EJ r@F?4:= DFAA@CE65 E96 >@G6[ 2AAC@G:?8 64@?@>:4 :?46?E:G6 8C2?ED E@ 36 A2:5 @FE @G6C 2 7:G6\J62C A6C:@5] %96 A6C7@C>2?46\32D65 E2I :?46?E:G6D E@E2=65 23@FE Sc]b >:==:@? 7@C r@?4@C5 2?5 23@FE Se]b >:==:@? 7@C E96 4@F?EJ]k^AmkAmw@H6G6C[ ?6:E96C E96 4:EJ ?@C 4@F?EJ 925 >256 2?J :?46?E:G6 A2J>6?ED 367@C6 E96 2??@F?46>6?E uC:52J] !6E6C uC2?K6D6[ AF3=:4 2772:CD 2?5 AC@;64E >2?286C H:E9 E96 r:EJ @7 r@?4@C5[ D2:5 E92E 4@>A2?:6D >FDE 7:CDE A2J E2I6D :? 7F== 367@C6 C6BF6DE:?8 C6:>3FCD6>6?E[ 2?5 E96J >FDE >66E E96 C6BF:C6>6?ED DE:AF=2E65 :? E96 :?46?E:G6 A24<286—DF49 2D 2 46CE2:? 2>@F?E @7 :?G6DE>6?E @C 2 A2CE:4F=2C ?F>36C @7 ;@3D—E@ 86E E96:C A2J>6?E]k^Am kAm“%96J 5@?’E 86E E96 A2J>6?ED ;FDE 3642FD6 E:>6 8@6D @?[ 2?5 E96J 5@?’E 86E :E 2== 2E @?46[” uC2?K6D6 D2:5k^AmkAmp Sa]e >:==:@? y@3 s6G6=@A>6?E x?G6DE>6?E vC2?E 2=D@ 42>6 7C@> E96 }]r] t4@?@>:4 x?G6DE>6?E r@>>:EE66]k^AmkAmqFE E96 :?46?E:G6D H6C6?’E 6?@F89[ 244@C5:?8 E@ E96 4@>A2?J]k^AmkAm“s6DA:E6 56>@?DEC2E:?8 E96 25G2?E286D @7 :ED 8C@F?53C62<:?8 32EE6CJ E649?@=@8J[ p=6G@ 92D D:8?:7:42?E AC@5F4E:@? 492==6?86D 2?5 E9FD :?DF77:4:6?E C6G6?F6[” E96 4@>A2?J D2:5 :? 2 DE2E6>6?E A@DE65 @? :ED H63D:E6 uC:52J] “%96 4@>A2?J 92D 366? 24E:G6=J D66<:?8 ?6H 7F?5:?8 D@FC46D E@ 7:?2?46 :ED @A6C2E:@?D 2?5 8C@HE9 DEC2E68:6D] &?7@CEF?2E6=J[ 56DA:E6 36DE 677@CED[ E96 7F?5:?8 92D ?@E 366? C62=:K65 :? E:>6]”k^Am Listen now and subscribe: Apple Podcasts | Spotify | RSS Feed | SoundStack | All Of Our Podcasts kAmp r92AE6C `` 32?<CFAE4J[ 244@C5:?8 E@ E96 &?:E65 $E2E6D r@FCED[ 2==@HD 3FD:?6DD6D E@ C6@C82?:K6 E96:C 2DD6ED E@ C6A2J 563E@CD @G6C E:>6 2?5 <66A E96 4@>A2?J 2=:G6]k^AmkAm%96 r92C=@EE6 ~3D6CG6C C6A@CE65 E92E p=6G@’D AC@5F4E:@? A=2?D 92G6 8@?6 D=@H6C E92? 6IA64E65 D:?46 E96 86E\8@] p44@C5:?8 E@ E96 ~3D6CG6C[ C64@C5D E96 ?6HDA2A6C C6BF6DE65 D9@H65 E92E DE2E6 @77:4:2=D C2:D65 BF6DE:@?D 23@FE E96 4@>A2?J’D 7:?2?46D 367@C6 2?J :?46?E:G6 8C2?ED H6C6 2H2C565]k^AmkAmx? |2C49[ E96 ~3D6CG6C C6A@CED[ 2 #FDD:2? @=:82C49[ s>:ECJ #J3@=@G=6G[ 4@?7:C>65 :?G6DE>6?E :? p=6G@[ AFEE:?8 A2DE 2DD@4:2E6D :? =6256CD9:A C@=6D :? E96 4@>A2?J] %96 ~3D6CG6C 2=D@ C6A@CE65 E92E p=6G@ 7@F?56C y@DE6:? t:<6=2?5[ 2 }@CH68:2? 6?EC6AC6?6FC[ 2=D@ 7@F?565 2 4@>A2?J E92E 7:=65 7@C 32?<CFAE4J :? a__g]k^Am kAmqFE E96 >@@5 :? r232CCFD r@F?EJ C6>2:?D 7@CH2C5\724:?8 2D 8@G6C?>6?ED 2?5 64@?@>:4 56G6=@A>6?E 286?4:6D 2=:<6 =@@< E@ 96=A E9@D6 27764E65 2?5 3F:=5 2 DEC@?86C 64@?@>J 7@C E96 7FEFC6]k^AmkAm“(6 2C6 D2556?65 E@ =62C? @7 E9:D C646?E ?6HD @7 p=6G@ 4@?5F4E:?8 =2J@77D :? @FC 4@>>F?:EJ[” C625 2 DE2E6>6?E 7C@> r232CCFD t4@?@>:4 s6G6=@A>6?E] “#:89E ?@H[ @FC D:?8=6 4@?46C? :D 7@C E96 ah_ 6>A=@J66D H9@> H:== 36 5:DA=2465 5F6 E@ E9:D 564:D:@?] ~FC 4@CA@C2E:@?’D C6DA@?D:3:=:EJ :D E@ 4@?E:?F6 3C:?8:?8 3FD:?6DD @AA@CEF?:E:6D E@ E96 r@?4@C5 2?5 r232CCFD 4@>>F?:EJ D@ E92E H96? 6G6?ED =:<6 E9:D @44FC[ E9@D6 5:DA=2465 6>A=@J66D H:== 92G6 @E96C 6>A=@J>6?E @AE:@?D]”k^Am kAm%96 rts D2:5 E9@D6 27764E65 D9@F=5 C6249 @FE E@ }]r] (@C<D 7@C C6D@FC46D 2?5 E@@=D E@ 96=A E96> 86E E9C@F89 E9:D E:>6 2?5 42==65 @? E96 =2C86C 3FD:?6DD 4@>>F?:EJ E@ 4@?D:56C E96D6 :?5:G:5F2=D 7@C 6>A=@J>6?E]k^Am kAm“x’> G6CJ D25 7@C E96 A6@A=6 E92E 2C6 =@D:?8 E96:C ;@3D[” !2586EE D2:5] “%96C6 :D ?6G6C 2 8@@5 E:>6 7@C E92E E@ 92AA6?] x’> E9:?<:?8 @7 A6@A=6 x <?@H H9@ 2C6 >@E96CD 2?5 525D E96C6 E92E 92G6 49:=5C6?[ 2?5 E96J’C6 DE2CE:?8 D49@@=[ 2?5 E9:D :D E96 =2DE E9:?8 E96J H2?E E@ 962C :D =@D:?8 2 ;@3] %96J E@@< 2 492?46 2?5 8@E 2 ;@3 H:E9 E96 4@>A2?J E92E H2D 5@:?8 D@>6 G6CJ 4FEE:?8 6586 AC@;64ED[ 2?5 :E ;FDE 5:5?’E H@C< @FE]”k^Am kAmqFE !2586EE D2:5 6G6? E9@F89 p=6G@ :D 8@?6[ E96 a[`__\24C6 !9:==:A |@CC:D AC@A6CEJ :D?’E D:?46 E96 4@>A2?J ;FDE =62D65 E96 D:E6]k^Am kAm“%96 @H?6C @7 E96 =2?5 :D DE:== 2C@F?5[ 2?5 D@ E96 =2?5 :D DE:== 8@:?8 E@ 36 2? @AA@CEF?:EJ 7@C[ x’> 9@A:?8[ 8@@5\A2J:?8 ;@3D[” !2586EE D2:5] “xE’D 2? 6I46==6?E =@42E:@?] x’> 9@A67F= D:?46 E96 64@?@>J :D C6=2E:G6=J 8@@5 ?@H E92E 2? 6G6? 36EE6C @AA@CEF?:EJ :D 8@:?8 E@ 4@>6 2=@?8]”k^Am kAm$E6G6 |@CC:D[ 492:C @7 E96 4@F?EJ q@2C5 @7 r@>>:DD:@?6CD[ 649@65 !2586EE’D 9@A6 7@C >@C6 ;@3D >@G:?8 7@CH2C5]k^Am kAm“%96 8C62E6DE 4@?46C?D :?:E:2==J 2C6 E96 6>A=@J66D E92E 2C6 =@D:?8 E96:C ;@3[” 96 D2:5] “u@CEF?2E6=J 7@C FD H6’G6 8@E D@>6 @E96C 3FD:?6DD6D 4@>:?8 :? E92E H:== @776C @AA@CEF?:E:6D 7@C E9@D6 7@=<D] x 9@A6 E92E E96J 42? 4@>6 D@@? 6?@F89] xE’D ;FDE G6CJ F?7@CEF?2E6 2?5 D25 E92E p=6G@’D A=2?D 92G6 ?@E H@C<65 @FE] (6’C6 2=H2JD D@CCJ E@ =@D6 2 3FD:?6DD]”k^Am The story continues to develop. More information will be added as it becomes available. 0 Comments Be the first to know Get local news delivered to your inbox! Sign up! * I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy. Related to this story Alevo 'like-new' equipment to be auctioned off CONCORD- Alevo will auction off its equipment next week after the company filed for bankruptcy in August. Why did Alevo fail? What happened at Alevo? Friday Five: The Grounds at Concord (Philip Morris/Alevo site) on the market The dairy farm turned world’s largest cigarette manufacturing plant, turned cutting edge battery technology plant is now The Grounds at Concor… The next Ballantyne? The re-development of the old Philip Morris begins at The Grounds at Concord Editor’s note: This is the first of a two-part series about redevelopment/development of the old Philip Morris property in Concord. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | RSS Feed | Omny Studio Watch Now: Related Video Unable to play video AP Top Stories April 23 FBI says SPLC paid informants without donors knowing. Feds pay them too FBI says SPLC paid informants without donors knowing. Feds pay them too AP top stories April 22 AP AP top stories April 22 How the US naval blockade on Iran chokes Strait of Hormuz oil exports How the US naval blockade on Iran chokes Strait of Hormuz oil exports
Alevo 'like-new' equipment to be auctioned off CONCORD- Alevo will auction off its equipment next week after the company filed for bankruptcy in August.
Friday Five: The Grounds at Concord (Philip Morris/Alevo site) on the market The dairy farm turned world’s largest cigarette manufacturing plant, turned cutting edge battery technology plant is now The Grounds at Concor…
The next Ballantyne? The re-development of the old Philip Morris begins at The Grounds at Concord Editor’s note: This is the first of a two-part series about redevelopment/development of the old Philip Morris property in Concord.