AIKEN, S.C. (AP) -- Avondale Mills' Stephen Felker Junior says the dismantling of his family's company is nearly complete.
The manager of corporate development for the textile company told The Augusta (Ga.) Chronicle that the company only has some real estate holdings to sell off.
At the start of 2005, Avondale Mills employed more than 4,000 workers and operated 18 plants in Alabama, Georgia and South Carolina.
But then came a train derailment a few days into that year which caused a chlorine gas leak just outside the company's Graniteville plant. Nine people died, 250 were injured and the corrosive gas damaged the plant beyond operation. Avondale Mills let most of its employees go two years ago.
The company and its insurer recently reached a confidential settlement with Norfolk Southern over damages from the derailment.
Copyright 2008 by The Associated Press. All Rights Reserved.
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