Acme-McCrary, a hosiery manufacturer, is relocating its warehouse and distribution facilities to Siler City and expects to add 100 jobs in the coming years.

The Chatham County Board of Commissioners approved an incentives package for the company worth up to $70,000 over five years if it meets hiring and investment goals.

Asheboro-based Acme-McCrary expects to invest about $500,000 in the 387,000-square-foot building. The company also expects to retain 42 employees already working in Siler City. 

Acme-McCrary makes hosiery and shapewear.

The relocation is good news for Siler City, which lost hundreds of jobs when the new owner of the Townsends chicken plant announced that those facilities would close.