Business

June 2, 2014

The Pantry and Quintiles make Fortune 500 list

Two companies based in the Triangle - The Pantry and Quintiles - have made the latest Fortune 500 list of the nation's largest companies.

Two companies based in the Triangle — The Pantry and Quintiles — have made the latest Fortune 500 list of the nation’s largest companies.

Convenience store chain The Pantry, based in Cary, ranked No. 371 in this year’s list, down from No. 347 a year ago. The rankings by Fortune magazine are based on revenue and include both publicly traded companies and privately held companies that file financial statements with a government agency.

Durham-based Quintiles, the world’s largest pharmaceutical services company, cracked the list for the first time. Quintiles ranked No. 486.

Quintiles CEO Tom Pike hailed the Fortune 500 ranking as “a significant milestone in Quintiles’ history” in a news release.

Retail giant Wal-Mart retained its hold on the No. 1 spot. Its revenue totaled $473.1 billion — nearly one-half trillion dollars.

Altogether, 13 North Carolina-based companies made the list, led by Bank of America, which ranked No. 21.

Other North Carolina companies on the list: Lowe’s, No. 52; Duke Energy, No. 123; Nucor, No. 150; V.F. Corp., No. 241; BB&T, No. 269; Family Dollar Stores, No. 271; Sonic Automotive, No. 309; Reynolds American, No. 329; Laboratory Corp. of America, No. 440; and Lorillard, No. 496.

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