Winston-Salem

Economy

Winston-Salem is the location of the corporate headquarters of HanesBrands, Inc., Lowes Foods Stores, Quality Oil Company, Reynolds American (parent of R. J. Reynolds Tobacco Company), Reynolda Manufacturing Solutions, K&W Cafeterias (until 2022), and TW Garner Food Company (makers of Texas Pete). Blue Rhino, the nation's largest propane exchange company and a division of Ferrellgas, is also headquartered in Winston-Salem. Wachovia Corporation was based in Winston-Salem until it merged with First Union Corporation in September 2001; the corporate headquarters of the combined company was located in Charlotte, until the company was purchased by Wells Fargo in December 2008. PepsiCo has its customer service center located in Winston-Salem. BB&T was also based in Winston-Salem until it was merged with SunTrust Banks in December 2019; the corporate headquarters of the combined company were relocated to Charlotte.