Spencer's largest manufacturing company has been sold by Armacell LLC of Mebane, North Carolina, to PAI Partners, a global corporation with over 69,000 employees in over 150 countries, according to its Facebook page.

The operation appears to have been in Spencer for about 70 years.

The old Monarch Rubber Co.'s facility had operated in Spencer for 55 years when, in 2005, it was sold to Armacell LLC, a maker of insulation, specialty foam and other rubber products.

Armacell is currently a leader in engineered industrial foams.

Previously owned by Blackstone, Armacell underwent a $12 million expansion involving moving operations to the industrial park near Spencer.

The companies have hired employees from Roane and Calhoun since inception.

Hur Herald from Sunny Cal
The information on these pages, to the extent the law allows, remains the exclusive property of Bob and Dianne Weaver and The Hur Herald. information cannot be used in any type of commercial endeavor, or used on a web site without the express permission of the owner. Hur Herald published printed editions 1996-1999, Online Hur Herald Publishing, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021