REIDSVILLE, N.C. — An anticipated cigarette plant closing in Reidsville was made official on Monday, as ITG Brands made public plans to move manufacturing to its plant in Greensboro, eliminating 110 jobs in the process.
According to the Winston-Salem Journal ITG Brands has no plans to add production in Greensboro as part of the move.
ITG Brands is the the third-largest tobacco company in the U.S. and is a subsidiary of British multinational tobacco company Imperial Brands.
In November 2018, Triad Business Journal reported plans to close the 127-year-old Reidsville facility by the first quarter 2020, citing lower manufacturing and regulatory costs and freeing up money to reinvest in brands and its Greensboro operations, the former Lorillard Inc. plant, as the reason for the consolidation.
ITG Brands is headquartered in Greensboro.
For more on the closing, click here to read the full details on the Triad Business Journal's website.
