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Dec. 2, 2013 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI) announced today that it has purchased the assets of American Drawtech, a division of Dillon Yarn Corporation, which were relocated to the Company's
Yadkinville, North Carolina, manufacturing facility in
June 2013, as part of a commissioning agreement between the two companies. Unifi purchased the assets, which consist of draw winding equipment, as part of its mix enrichment strategy that includes introducing REPREVE
® and other premier value-added (PVA) products into the mid-tenacity flat yarn markets. The assets will increase the Company's production capacity in the growing regional market, which will allow Unifi to expand its presence in targeted industrial and thread markets. Terms of the purchase were not disclosed.
"These additional assets will allow Unifi to increase its product offerings into the industrial, belting, hose and thread industries by offering mid-tenacity flat yarns," said
Roger Berrier, President and Chief Operating Officer of Unifi. "We will continue to offer all of the existing products and services to all customers, while introducing more product options into these markets, including REPREVE
® and other Unifi PVA products."
Unifi, Inc. is a multi-national manufacturing company that produces and sells textured and other processed yarns designed to meet customer specifications, and premier value-added ("PVA") yarns with enhanced performance characteristics. Unifi maintains one of the textile industry's most comprehensive polyester and nylon product offerings. Unifi enhances demand for its products, and helps others in creating a more effective textile industry supply chain, through the development and introduction of branded yarns that provide unique performance, comfort and aesthetic advantages. In addition to its flagship REPREVE
® products – a family of eco-friendly yarns made from recycled materials – key Unifi brands include: SORBTEK
® – all-in-one performance yarns, SATURA
® UV and MICROVISTA
®. Unifi's yarns are readily found in the products of major brands in the apparel, hosiery, automotive, home furnishings, industrial and other end-use markets. For more information about Unifi, visit
www.unifi.com; to learn more about REPREVE
CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS
Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc. (the "Company") that are based upon management's beliefs, assumptions and expectations about our future economic performance, considering the information currently available to management. The words "believe," "may," "could," "will," "should," "would," "anticipate," "estimate," "project," "expect," "intend," "seek," "strive," and words of similar import, or the negative of such words, identify or signal the presence of forward-looking statements. These statements are not statements of historical fact; they involve risk and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition that we express or imply in any forward-looking statement.