Industries

For the record - Southwest Virginia

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Advance Auto Parts Inc., a Roanoke-based retailer of automobile parts, agreed to pay Matthew Osley, a former operations manager in Kutztown, Pa., $40,000 to settle race discrimination charges brought by the Equal Employment Opportunity Commission. The company denies the charges. (The Roanoke Times)

Coca-Cola Bottling Co. Consolidated will open a warehouse in Roanoke County, which will allow addition of a new bottling line at its downtown Roanoke plant. The company plans to invest $9 million in the project, which will add about 10 jobs to its work force of 373. (The Roanoke Times)

HomeTown Bank, a Roanoke-based financial institution, will request $8 million to $10 million from the federal government under its Troubled Asset Relief Program. The bank earned its first quarterly profit this year but needs more capital to keep lending. Shareholders approved the creation of a holding company to qualify for the TARP program. (The Roanoke Times)

ITT Corp. received a $43 million follow-on order from the Army for enhanced night-vision equipment. The order will be filled by the ITT Night Vision unit in Roanoke. (Business Wire)

Johnson Controls of Milwaukee will close its Botetourt County plant with the loss of 44 jobs. The facility made and assembled parts for heating and air-conditioning systems. Work at the plant will be moved to Texas, Pennsylvania and Mexico. (The Roanoke Times)

Potomac Realty Capital of Boston bought Roanoke’s Patrick Henry Hotel for $2 million at auction. Potomac was the lender for the previous owners, Affirmative Equities Co. of New York. (The Roanoke Times)

Steak ‘n Shake, a hamburger chain based in Indianapolis, announced plans to buy Western Sizzlin Corp., a steak and buffet restaurant holding company based in Roanoke. Plans call for Western Sizzlin to become a subsidiary of Steak ‘n Shake. (The Roanoke Times)


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