Fruit of the Loom Cuts Ribbon on Major South Carolina Expansion

(BRK.A), (BRK.B)

Berkshire Hathaway’s underwear manufacture Fruit of the Loom has cut the ribbon for the opening of its major expansion of its Palmetto Distribution Center in Summerville, South Carolina.

The facility has added 402,000-square-foot to the center’s existing 350,000-square-foot space.

Fruit of the Loom points to increased e-commerce as the main reason for the expansion.

“We’re gearing up and getting ready to do that,” notes Rick Medlin, Fruit of the Loom’s president and CEO. “We’re building platforms and digital capabilities, as is everybody.”

The expanded facility will mean the addition of as many as 50 new employees to the current 225 employees.

The expanded facility will be able to ship up to 60 million packages of underwear a year, using an automated packaging system that designates that shipments for big box retailers such as Walmart.

That’s a lot of boxers and briefs.

© 2016 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.