& Stoudt Associates, Inc. was established in 1979 as a partnership between
David W. Petree and Charles “Chic” Stoudt. Within a few years,
Chic Stoudt retired from the business. At that time the company was located
in Greensboro, North Carolina, USA. Today the company is located in a 20,000
square foot building in High Point, North Carolina, USA.
David Petree began his career at Burlington Industries.
At the time that he left Burlington Industries, he was the head of R&D
for their yarn manufacturing division.
In the early years, the company provided aftermarket replacement parts for texturing machines and other equipment used in the processing of synthetic fibers. Mr. Petree’s close association with Temco (formerly FAG Kugelfischer) allowed the company to begin marketing FAG products and P&S soon became the agent for FAG. In 1993 FAG sold the textile division in Hammelburg Germany thru a management buyout and the company was renamed Temco. From that point forward Petree & Stoudt has incrementally grown to the company that exists today.