Complex sentence: For decades, employment in the area was dominated by a large textile plant, formerly Union Underwear and now Fruit of the Loom, but it closed in 1998 along with (shortly thereafter) the Indiana-based Batesville Casket Company.
Split into simpler sentences: For decades, employment in the area was dominated by a large textile plant, formerly Union Underwear and now Fruit of the Loom. It closed in 1998 along with (shortly thereafter) the Indiana-based Batesville Casket Company.