Tabor City recognized for fast growth
Two Tabor City companies are among North Carolina’s fastest growing businesses.
Atlantic Corporation was recognized as number 13 on the list of North Carolina MidMarket Fast 40 ranking companies, DMA Holdings ranked 15th, both among the honorees at an award luncheon in Pinehurst this fall.
Both businesses were honored for strong gains in the workforce and revenue for two consecutive years.
Atlantic, now headquartered in Wilmington, grew from The Tabor City Tribune and was established by the late W. Horace Carter. From selling newspapers and advertising to institutional supplies for Grand Strand motels and restaurants in the past, Atlantic has grown into “the most technically advanced packaging resource in North America, with capabilities in manufacturing, distribution, consulting and technical service,” a company blog says.
Atlantic facilities are located across the U.S. and in the Domincan Republic, but its roots are in Tabor City, with more than 400 employees and more than $15 million spent on new equipment and expansion in the past two years. Atlantic was also recently ranked 16th on the Grant Thornton North Carolina 100 list after moving from the $500 million to $900 million category. This year’s rankings were one step higher than 2016’s.
During the Mid-Market event in Pinehurst Tabor City attorney Dennis Worley spoke of the strength of the local companies, including DMA, where he serves on the board of directors. DMA Holdings, Inc. imports auto parts from Asia and Europe that help longer lasting vehicles go even further, with $35 million in revenues this year, and expects to that benchmark to reach from $50 to $60 million in 2018.