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32-699: Cannon remained family-owned until 1982 when it was sold to David H. Murdock . Murdock sold the company to Fieldcrest in 1985, becoming Fieldcrest-Cannon. The company was sold to Pillowtex Corporation in 1997, which entered bankruptcy in July 2003. The remaining Cannon brands were purchased by the Iconix Brand Group . In 1887 James William Cannon founded the Cannon Manufacturing Company in Kannapolis, North Carolina . His goal

64-554: A company. 1921 was an important year for the Cannon Mills Company. A strike occurred in the localized Charlotte, North Carolina , area, affecting all textile mills in the region. Charles A. Cannon was already in charge of Cannon Mills affairs since his father was in ill health. On June 1, 1921, the members of the United Textile Workers Union of America went on strike. Although Cannon called

96-644: A cure for cancer , advancing nutrition , and life extension . He established the Dole Nutrition Institute to advocate the benefits of a plant-based diet to promote health and prevent disease. With the help of UCLA , he oversaw the writing of the Encyclopedia of Foods, A Guide to Healthy Nutrition . In 2006, he opened the California Health and Longevity Institute (CHLI). Murdock has contributed more than $ 500 million toward

128-623: A local entrepreneur who had secured financing from Field's. In 1916, Field's began construction on Fieldcrest Mills in Fieldale , a 1,600-acre (6.5 km) mill town near Martinsville, Virginia , which was completed in 1919. Field's later purchased more mills to supply its retail and wholesale operation. In 1935, company chairman James O. McKinsey reorganized the firm's 24 textile mills into one manufacturing operation, called Fieldcrest, with headquarters in New York City . In 1953, Fieldcrest

160-417: A plan for a small mill village with homes for the workers. By 1907, the first mill was completed just west of what was Town Lake. The mill, known as Plant 1, was opened in 1908 after a brief two-year cotton shortage. By January of 1909 the Cannon Manufacturing Company employed 840 people in its single Kannapolis plant. James William Cannon's company built hundreds of homes for the mill workers, and also built

192-484: A world-class YMCA facility, which had the largest membership in the world at the time. Cannon donated land and money for school construction and education. That year, the first school, McIver was opened. Cannon erected stores, businesses, and churches. He donated funds to Cabarrus County to improve the main road leading to Kannapolis from Concord. In 1917, James Cannon arranged a life insurance policy for all Cannon employees. This had never before been done for employees of

224-576: Is an American billionaire businessman, plant-based diet advocate and philanthropist . Murdock was born on April 11, 1923, in Kansas City, Missouri. His father was a traveling salesman; his mother worked as a laundress and housekeeper to make ends meet. He is the middle child of three; he had two sisters. He was close to his mother, who died at 42 of cancer. He grew up in Montgomery Township, Ohio , and dropped out of high school in

256-599: The National Guard to "keep the peace," the strike ended because union officials left town. Cannon Mills did not unionize during this attempt, which left the World War I generation skeptical of labor unions. J.W. Cannon was elected as chairman of the board in 1921 and his son, Charles, was made president of the Company. Later that year, Jim Cannon developed an unknown winter illness and died on December 21, 1921. He

288-529: The United States Census Bureau , the CDP has a total area of 1.6 square miles (4.2 km ), all of it land. As of the census of 2000, there were 929 people, 420 households, and 275 families residing in the CDP. The population density was 575.6 people per square mile (222.8/km ). There were 473 housing units at an average density of 293.1/sq mi (113.4/km ). The racial makeup of

320-520: The 190th-richest person in the "Forbes 400" list and 613th in the "World's Billionaires" list, with a net worth of US$ 2.4 billion as of March 2013. Since 1985 Murdock has been a pescetarian and promotes a plant-based diet that is high in fruits and vegetables. He drinks smoothies two or three times a day with as many as twenty fruits and vegetables, including pulverized banana and orange peels. He eats fish, seafood, egg whites, legumes and nuts whilst avoiding dairy, poultry and red meat. He also shuns

352-504: The 9th grade. He was drafted by the United States Army in 1943 during World War II . Upon relocating to Detroit after the war, Murdock was homeless and destitute. Due to a chance encounter with a good samaritan, he obtained a $ 1,200 loan to buy a closing diner , flipping it for a $ 700 profit ten months later. He moved to Phoenix, Arizona , and began working there, first in housing and then commercial real estate. When

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384-500: The CDP was 97.20% White , 1.83% African American , 0.11% Pacific Islander , and 0.86% from two or more races. Hispanic or Latino of any race were 1.08% of the population. There were 420 households, out of which 21.4% had children under the age of 18 living with them, 50.7% were married couples living together, 10.7% had a female householder with no husband present, and 34.5% were non-families. 31.9% of all households were made up of individuals, and 16.9% had someone living alone who

416-543: The Town of Kannapolis was incorporated as the city of Kannapolis. Also that year the new YMCA opened. The next year, the company was bought by Eden, North Carolina -founded Fieldcrest Mills, Incorporated, for somewhat less than $ 250 million. This became the Fieldcrest-Cannon Corporation. The newer smokestack of Plant One, painted white since its construction in 1950, was repainted maroon , also bearing

448-445: The company. Later in 1928, Charles Cannon organized nine textile companies into a large corporation, Cannon Mills. 300,000 towels were produced each day, and it soon became the world's largest producer of textile products. Cannon retired in 1962 at the age of seventy and was replaced as president by Donnell S Holt , moving up to chairman of the board. Sales and profit continued to rise. The one-million-square-foot towel distribution center

480-590: The corporate name. In September, 1997, Fieldcrest-Cannon was sold to the Pillowtex Corporation for $ 700 million. Pillowtex subsequently went bankrupt in 2003 and Murdock's Castle & Cooke acquired the 264 acres (1.07 km) of land at auction for $ 6.4 million in December 2004. The Cannon Mills facilities were demolished in 2006. The Cannon family donated funds for projects in the area. Such include: The North Carolina Research Campus (NCRC)

512-581: The creation of the North Carolina Research Campus and David H. Murdock Research Institute which research the health benefits of plants in boosting longevity and reducing disease risk. He has been married six times. In 1967, he married his third wife, Gabriele; they had two children together and he also adopted her son from a previous marriage, Eugene. Gabriele was diagnosed with ovarian cancer in 1983 and died in 1985. A year later, Eugene died after hitting his head while swimming in

544-582: The family estate's swimming pool. In 2004 his son David Jr. died in an auto accident on the Santa Monica Freeway. His remaining son Justin serves as CEO and executive chairman of NovaRx and is senior vice president of investments for Castle & Cooke . Previously, Justin was a director at the Dole Food Company , as well as their audit and finance committee until his retirement on May 17, 2013. In 2011, Forbes ranked David Sr. as

576-537: The largest United States supplier of beef to the Soviet Union . Murdock purchased Cannon Mills in Kannapolis, North Carolina , in 1982. At the time, the company was profitable and had no debts. He used the company's profits to pay back the loans he secured to make the acquisition before terminating 2,000 positions and selling the company-owned homes . He eliminated the company's $ 100 million pensions plan, taking $ 36 million to make personal investments and using

608-687: The real estate market collapsed in the 1960s, he moved to Los Angeles where he continued developing real estate opportunities, leading to a string of acquisitions. In 1978 he acquired control of International Mining. He became the largest shareholder in L.A.-based Occidental Petroleum , by selling the corporation his 18% share of the Iowa Beef Packers company for $ 800 million worth of Occidental stock in May 1981 with support from Armand Hammer : after this acquisition, Occidental, through its ownership of IBP and with support from Leonid Kostandov , became

640-597: The remainder to purchase annuity policies from Executive Life Insurance Company for Cannon employees. Executive Life later failed due to its own poor investments and reduced its payouts to retired employees. Murdock sold the Cannon Mills to Fieldcrest in 1985. In 1985 Murdock took over the nearly bankrupt Hawaiian firm Castle & Cooke , which owned pineapple and banana producer Dole Food Company . He developed Castle & Cooke's real estate portfolio into residential and commercial properties and turned Dole into

672-515: The research center in the middle of Kannapolis was formerly occupied by Plant #1 of Cannon Mills (which became Pillowtex after a series of mergers and acquisitions). Pillowtex filed for bankruptcy in 2003, and closed the mill. This resulted in the largest mass layoff of workers in North Carolina history. Murdock acquired the site and demolished the mill in 2006. Since the death of his third wife, Gabriele, he has been involved to finding

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704-628: The site from the Waller heirs and established Fieldcrest Mills, the town of Fieldale, and an 8,500-square-foot (790 m ) company clubhouse, all completed in 1919. The Fieldale Historic District , Marshall Field and Company Clubhouse , and Virginia Home are listed on the National Register of Historic Places . Fieldale is located at 36°41′59″N 79°56′22″W  /  36.69972°N 79.93944°W  / 36.69972; -79.93944 (36.699850, −79.939482). According to

736-610: The sixth-largest island in Hawaii . In June 2012 Murdock sold his interest in Lanai to Larry Ellison . He owns other companies, including Pacific Clay . He has helped contribute to the redevelopment of a 5,800,000-square-foot (540,000 m ) complex in Kannapolis , North Carolina , of a biotechnology research center, the North Carolina Research Campus . The research center is a joint public-private venture, involving major North Carolina universities and private investment. The site of

768-584: The state militia who was later promoted to Colonel, and his wife Ann Winston (Carr), first cousin of statesman Patrick Henry , as a protected ford across the Smith River. The local militia trained on Col. Waller's acreage. The settlement was subsequently known as Waller's Ford for over a century. A Virginia Historical Highway Marker unveiled in September 2017 marks the location of Col. Waller's plantation. In 1916, Marshall Field & Company purchased

800-617: The use of alcohol, processed sugar and salt. Murdock does not take vitamin supplements and claims he can live to 125 years on his plant-based diet. Fieldale Fieldale is a census-designated place (CDP) in Henry County , Virginia , United States. The population was 879 at the 2010 census. It is part of the Martinsville Micropolitan Statistical Area . The area was first settled in 1770 by planter George Waller , an officer in

832-532: The world's largest producer of fruits and vegetables. Acquiring Dole privately in 2003, Murdock completed a $ 446 million initial public offering in October 2009 and the company traded on the New York Stock Exchange under the ticker DOLE until a private merger agreement was approved October 31, 2013. As a result of his purchase of Castle & Cooke, Murdock acquired ownership of 98% of Lanai ,

864-448: Was 65 years of age or older. The average household size was 2.21 and the average family size was 2.78. In the CDP, the population was spread out, with 20.3% under the age of 18, 4.8% from 18 to 24, 25.5% from 25 to 44, 25.3% from 45 to 64, and 24.0% who were 22 years of age or older. The median age was 44 years. For every 100 females, there were 96.8 males. For every 100 females age 18 and over, there were 86.4 males. The median income for

896-692: Was built in 1962 and the 840,000 sq ft (78,000 m) sheet distribution center was constructed in the early 1970s. Cannon died on April 1, 1971, of a massive stroke. Holt remained president until 1974, helping modernize the management style and fighting hard to combat negative public images of Cannon Mills. In 1911, Marshall Field & Company , the Chicago department store, acquired seven mills in Eden, North Carolina (then known as Leaksville, Spray & Draper) from Benjamin Franklin Mebane ,

928-466: Was built on the former site of the Cannon Mills Company. Construction began in 2005, and the campus opened in 2008. The NCRC is a private-public venture involving North Carolina's major universities and private investment. The NCRC is a scientific and economic revitalization project that encompasses the former Cannon Mills plant and the entire downtown area of Kannapolis, North Carolina. David H. Murdock David Howard Murdock (born April 11, 1923)

960-534: Was buried at Oakwood Cemetery in downtown Concord. The Cannon Manufacturing Company was left to its president and the youngest son, Charles. By the time of J.W. Cannon's death, the population of Kannapolis was roughly 6,000 citizens and the mill had employed about 15,000 workers. With Charles Albert Cannon in charge, the Cannon Mills Corporation entered its golden years. In 1924, funds and land for James William Cannon High School were donated by

992-413: Was spun off from Field's into a freestanding business. In 1982, California billionaire David H. Murdock purchased the Cannon Mills Company and its 660 acres (2.7 km) of surrounding property. Murdock proposed a redevelopment plan to the company and the community which included the renewal of downtown Kannapolis (now Cannon Village) and the construction of a brand new YMCA . On November 6, 1984,

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1024-483: Was to produce a basic textile product instead of yarn or another intermediate material. His company produced towels that were sold under the brand name "Cannon Towels". Ten years later, he opened another mill in Concord, North Carolina . In 1905, Jim Cannon designed and purchased 600 acres (2.4 km) of land in northwestern Cabarrus County, North Carolina . The land had formerly been a cotton plantation. He laid out

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