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HILLSVILLE — Carroll’s Industrial Development Authority approved a motion to buy two former Kentucky Derby Hosiery buildings at its Monday meeting.
International textile company Gildan, after buying Kentucky Derby Hosiery’s assets, closed many of its American plants, including those in Hillsville, by 2008.
The last offer made by the Carroll IDA on the KDH buildings was $1.6 million, but the authority approved a purchase price of $1.2 million at Monday’s meeting.
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