In 1928, the cotton factories in Haw River were acquired by Proximity Manufacturing, which later became Cone Mills Corporation. When corduroy became popular, the company decided to produce the cloth in Haw River. The plants south of Main Street were renamed Tabardrey and were equipped with new machinery to produce corduroy. The mills north of the highway became Granite Finishing for the finishing of the cloth. Corduroy production began on May 1, 1930, and Granite was shipping finished goods by June of the same year.