Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: FRIDAY, August 12, 1994                   TAG: 9408120067
SECTION: BUSINESS                    PAGE: A9   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Medium

IN BUSINESS

Directors of Alliant Techsystems Inc. on Thursday elected Joel Greenblatt chairman of the company's board. Greenblatt is a general partner of Capstay Partners, L.P., a New York-based investment management firm that last month led a shareholders' proxy effort to challenge Alliant's management. He is one of six Capstay nominees recently elected to the Hopkins, Minn.-based Alliant's board.

Capstay officials have questioned Alliant's proposed $365 million purchase of the aerospace division of Hercules Inc., including its operation of the Radford Army Ammunition Plant.

Greenblatt said the board will evaluate options available to the company, including the proposed acquisition of Hercules' aerospace business.

- Staff report

2 companies receive awards

Moore's Lumber and Building Supplies, a Roanoke-based chain of building materials stores, has been cited by the Hardware/Home Improvement Industry for raising $45,000 at a recent golf tournament for employees and suppliers to benefit the City of Hope National Medical Center and its Beckman Research Institute. The Duarte, Calif., medical facilities are a national charity of the hardware industry.

The Homestead, a Hot Springs resort hotel, has received awards from two trade publications for the meetings and conventions industry. Successful Meetings and Meetings & Conventions magazines cited the hotel for its golf and meetings facilities.

Briefly ...

McDermott International Inc. said its Babcock & Wilcox division in Lynchburg is one of five companies teamed with the Lockheed Corp. to win a five-year contract from the Department of Energy to manage and operate the Idaho National Engineering Laboratory in Idaho Falls. Babcock & Wilcox, which has experience in nuclear environmental restoration services, will participate in management of the laboratory's chemical processing plant and protection of nuclear materials. The laboratory has a $1 billion annual budget.

The Supply Room Cos., an office supplies retailer, has expanded its store at 408 S. Jefferson St. in downtown Roanoke.

The Sherman's menswear and Smithman's women's apparel stores in Christiansburg will open expanded stores Wednesday, doubling the retailing space at 106 N. Franklin St. The stores will grow from 5,600 to 11,200 square feet, said operator Ed Sherman. The men's store will double in size and the women's store will add departments with specialty sizes of sportwear and dresses.

American National Insurance Co. has opened an office at 1727 Peters Creek Road, Roanoke. Agents assigned to the new office are WIlliam H. Pugh II, Glenn E. Irby, Linda C. Poole, John W. Chilton, James H. Tippie, Leslie R. Woodford and Tammy J. Whorley.

Cabin Creek, a gift shop featuring primitive furniture, crafts, and collectible dolls, baskets and bears, has opened at 2 West Main St., Fincastle.