Washington-Based Flanders Filters Sold

A big business based in Beaufort County is getting sold. Flanders Filters of Washington has agreed to be acquired by an affiliate of Insight Equity.

Flanders is one of the largest manufacturers of air filters and similar products in North America.

The transaction is valued at $192 million.

The deal must be approved by Flanders Filters share-holders, which the company's board of directors says they will recommend the share-holders do. If the agreement goes through as is, Flanders shareholders will receive $4.40 per share in cash for each share of Flanders common stock.

We have reached out to Flanders Filters officials for more information on what the sale means for their workforce. In 2010. Flanders was listed as the fourth largest employer in Beaufort County, according to the Beaufort County Economic Development Commission. The commission says their records show Flanders Filters employs 609 people in the Washington area.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Regular Guy Location: Every Day at Flanders on Mar 22, 2012 at 09:11 PM
    Mary was an Excellent HR director, a credit to the position. This news is definately a contridiction to the "don't worry everything will be business as usual speech" we got a few days ago. I hope this was not a case of making room for someone who might have been viewed by the new owners as obsolete or redundant if they didn't get a legitimate position. Any replacement from within will be starting out with a very dark cloud over him/her. A very tough place to start from in a company that has entered into a public/private transition such as we have. I hope the reasons or cause filter in to make sense of this news. I cannot imagine there was any but I cannot know for sure. Good luck to Mary
  • by already started Location: washinhton on Mar 22, 2012 at 05:04 PM
    The worst has begun. Flanders has gotten rid of the best HR manager that company has ever seen. I for one hope camfill is smart enough to.grab her up because someone with her skill won't be unemployed long. What were they thinking? Too bad csc can't split out from flanders...she would be first hired!
  • by Bless u Location: earth on Mar 22, 2012 at 11:00 AM
    God Bless all the haters!
  • by wildcat Location: washington on Mar 22, 2012 at 10:44 AM
    Flanders any chance you guys can keep some of your rejects we just got another one thats got a big ole title and big ole pay. More people in the office than working and us peons cant support em all. nuff said.
  • by Amy Location: Washington on Mar 22, 2012 at 10:31 AM
    I'm apalled at these negative comments people are posting. I have been employed with Flanders for almost 4 years now and they have been very good to me. It's amusing that so many people THINK they know everything. This transaction has been in the making since 2007 and is a wonderful thing for the company. People should be ashamed of themselves for the slander they are creating since Flanders has been a MAJOR employer for Beaufort County for over 60 years! The pay is well over most places and I'm thankful I'm a part of the company. Things change in companies everyday, so what! It takes a real person to be able to acclimatize to changes such as these. The reason why Harry supported this decision was FOR THE EMPLOYEES! People and their ignorance never cease to amaze me!
  • by willie Location: washington on Mar 22, 2012 at 08:00 AM
    next announcement - headquarters moving to mexico
    • reply
      by Amy on Mar 22, 2012 at 10:32 AM in reply to willie
      You think you know it all, don't you?
      • reply
        by AnonymousD on Mar 23, 2012 at 01:27 PM in reply to Amy
        I would guess what Willie is referring to is Flanders moving the line to Mexico like they did several years back? The line that made the fiberglass (blue) type filters....you know....that line that had people employed in good ol' BoCo? Yes, some of those jobs went to Smithfield & some to Illinois (iirc). However, those jobs were taken out of BoCo. Not long after that Flanders was featured on the "Committee of 100" page in the WDN talking about how "great" Flanders was for BoCo.
  • by Regular Guy Location: Every Day at Flanders on Mar 21, 2012 at 06:11 PM
    The premise of the buyout is probably sound business, just like a thousand other similar deals across this nation over the past few years. It is what makes the USA better. Our ability to adapt is or at least was unique and a source of strength. That said: Please understand that the source of the outrage you see and hear from the public and from many employees in comments and grapevine gossip is the same sentiment that started what we saw in the "occupy" movements last year. Although it was eventually corupted by the hard line political left, there was a message there in the beggining. Simply put, the "Regular Guy" generally does not like to see management, or anyone for that matter, get rich at the expence of or on the backs of the average worker unless he/she is brought into the profit equation too. It's called fairness, an often overlooked concept in high finance deals in todays world. Perhaps expecting too much but it would be nice to see the workers brought along for the ride for a change. Business owners & managers still depend heavily on the "regular guys" in the shop to make the products whatever they may be. Lets hope the "Regular Guys" don't get forgotten next time the chips get counted. Here's a thought: Let's all benefit together and develop a stronger company that respects and rewards the hard work of everyone at every level. Maybe starting the calculations from the bottom up next time around. I know, wishful thinking.
  • by un-real Location: eastern nc on Mar 21, 2012 at 05:14 PM
    if mgmt hasnt read some of these post someone should enlighten them you've got some heavy slander and accusations being made. yahoo has already been through the lawsuit cycle with IP addresses and anoumous posters someone please forward to the right people at FLDR and Insight.
    • reply
      by OSOC on Mar 22, 2012 at 09:47 AM in reply to un-real
      I am not sure what you consider slander but all I am reading is venting and opinions. From eff.org; A few courts have said that statements made in the context of an Internet bulletin board or chat room are highly likely to be opinions or hyperbole, but they do look at the remark in context to see if it's likely to be seen as a true, even if controversial, opinion ("I really hate George Lucas' new movie") rather than an assertion of fact dressed up as an opinion ("It's my opinion that Trinity is the hacker who broke into the IRS database"). Seems someone doesn't like what they are reading.
  • by crystalball Location: flanders filters road on Mar 21, 2012 at 04:50 PM
    Here is how it will all go down Everything will be just fine until the sale is final then right after there will be at least two reps from the buyer maybe more on site. Still all will be fine. People processes and habits will be observed. then BOOM certain people will dissapear, processes will change and change quickly and habits will go very quickly too. Where there were 5 people once doing a job there will be 2. There will not be unlimited money to throw away to get a job done. Everyone will be accountable. Wow Flanders will finally become a real business. The so called good ol boys will be just old boys. Looking forward to the next several months. Stay tuned!!!!!!! CB
  • by average joe on Mar 21, 2012 at 12:50 PM
    TO SHAME ON YOU- Most of us has hit rock bottom before. I sure have and it wasn't too hard to find a job in fast food.I really like this job and the folks I work with. You should tell your family member to try the food service industry. Most of our local restaurants are extremely short handed and in some cases will hire on the spot and put you to work immediately. It took me all of one day to get this job. Our area has a lot of restaurants so your family member should be employed soon. Best of Luck.
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 143299936 - witn.com/a?a=143299936
Gray Television, Inc.