Record #:

14756

Author(s):

Grissett, Ellen

Abstract:

In 1972, Ed Mayorga bought R & E Electronics, a struggling Wilmington telecommunications company, for $3,000. Although the company had been in business since 1952, it had a less-then-wonderful financial status, making about $36,000 in yearly sales and holding a $70,000 deficit. Mayorga paid off the debt in three years, and today he expects the company will see $25 million in sales in 1985.

Source:

Business North Carolina (NoCar HF 5001 B8x), Vol. 5 Issue 6, June 1985, p63-66, por

Subject(s):

R & E Electronics (Wilmington); Mexican American businessmen--Wilmington