Ruddick has announced plans to change its name to better reflect its sole remaining business, the Harris Teeter grocery chain.

In a Securities and Exchange Commission (SEC) filing last week the company proposed changing the name of the company from Ruddick Corp to Harris Teeter Supermarkets.

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The board has recommended the change because Harris Teeter is Ruddick’s only business since the company sold its industrial sewing threads arm A&E in November.

It said: “As a result of the company’s sale of A&E in November 2011, the company is now engaged in only the retail supermarket business. Accordingly, the board of directors believes that the name “Harris Teeter Supermarkets, Inc.” better describes the company’s current operating activities and long-term strategic focus than the current name.”

The boards’ proposal will now to go to a shareholder vote at its AGM in February.

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