Atlantic International Corp. Secures Major Contract Renewal with Premier North American Baking Company
Atlantic International Corp. (Nasdaq: ATLN) announced that its subsidiary Lyneer Staffing Solutions has secured a significant contract renewal with a premier North American baking company in Northern California. The renewed partnership includes an expansion to additional locations, with Lyneer positioned to capture approximately $10 million in spending.
The expanded contract, effective immediately, demonstrates Lyneer's expertise in providing specialized workforce solutions for the food production industry. Lyneer will commence staffing operations at the new locations in the coming weeks, strengthening its partnership with the client while scaling its workforce solutions across their operations.
Atlantic International Corp. (Nasdaq: ATLN) ha annunciato che la sua sussidiaria Lyneer Staffing Solutions ha ottenuto un'importante rinnovazione di contratto con una delle principali aziende di panificazione del Nord America, situata in California del Nord. Il rinnovo della partnership include un'espansione in ulteriori sedi, con Lyneer che si prepara a catturare circa 10 milioni di dollari in spese.
Il contratto ampliato, che entra in vigore immediatamente, dimostra l'expertise di Lyneer nel fornire soluzioni di forza lavoro specializzate per l'industria della produzione alimentare. Lyneer avvierà le operazioni di assunzione nelle nuove sedi nelle prossime settimane, rafforzando la sua partnership con il cliente mentre amplia le sue soluzioni di forza lavoro attraverso le loro operazioni.
Atlantic International Corp. (Nasdaq: ATLN) anunció que su subsidiaria Lyneer Staffing Solutions ha asegurado una renovación de contrato significativa con una destacada empresa de panadería de América del Norte en el norte de California. La asociación renovada incluye una expansión a ubicaciones adicionales, con Lyneer posicionada para capturar aproximadamente 10 millones de dólares en gastos.
El contrato ampliado, que entra en vigor de inmediato, demuestra la experiencia de Lyneer en la provisión de soluciones de fuerza laboral especializadas para la industria de producción de alimentos. Lyneer comenzará las operaciones de contratación en las nuevas ubicaciones en las próximas semanas, fortaleciendo su asociación con el cliente mientras escala sus soluciones de fuerza laboral a través de sus operaciones.
Atlantic International Corp. (Nasdaq: ATLN)은 자회사 Lyneer Staffing Solutions가 북부 캘리포니아의 주요 제빵 회사와 중요한 계약 갱신을 확보했다고 발표했습니다. 갱신된 파트너십에는 추가 위치로의 확장이 포함되어 있으며, Lyneer는 약 1천만 달러의 지출을 포착할 수 있는 위치에 있습니다.
확대된 계약은 즉시 발효되며, 식품 생산 산업을 위한 전문 인력 솔루션 제공에 대한 Lyneer의 전문성을 보여줍니다. Lyneer는 향후 몇 주 내에 새로운 위치에서 인력 운영을 시작하여 고객과의 파트너십을 강화하고 그들의 운영 전반에 걸쳐 인력 솔루션을 확장할 것입니다.
Atlantic International Corp. (Nasdaq: ATLN) a annoncé que sa filiale Lyneer Staffing Solutions a obtenu le renouvellement d'un contrat significatif avec une entreprise de boulangerie de premier plan en Amérique du Nord, située dans le nord de la Californie. Le partenariat renouvelé inclut une expansion vers des emplacements supplémentaires, avec Lyneer positionnée pour capter environ 10 millions de dollars de dépenses.
Le contrat élargi, qui prend effet immédiatement, démontre l'expertise de Lyneer dans la fourniture de solutions de main-d'œuvre spécialisées pour l'industrie de la production alimentaire. Lyneer commencera les opérations de recrutement dans les nouveaux emplacements dans les semaines à venir, renforçant ainsi son partenariat avec le client tout en élargissant ses solutions de main-d'œuvre à travers leurs opérations.
Atlantic International Corp. (Nasdaq: ATLN) hat angekündigt, dass ihre Tochtergesellschaft Lyneer Staffing Solutions einen bedeutenden Vertragsverlängerung mit einem führenden nordamerikanischen Backunternehmen in Nordkalifornien gesichert hat. Die erneuerte Partnerschaft umfasst eine Erweiterung auf zusätzliche Standorte, wobei Lyneer in der Lage ist, etwa 10 Millionen Dollar an Ausgaben zu erfassen.
Der erweiterte Vertrag, der sofort in Kraft tritt, zeigt Lyneers Expertise in der Bereitstellung spezialisierter Arbeitskräfte-Lösungen für die Lebensmittelproduktionsindustrie. Lyneer wird in den kommenden Wochen mit den Personalmaßnahmen an den neuen Standorten beginnen und somit die Partnerschaft mit dem Kunden stärken, während sie ihre Arbeitskräfte-Lösungen in deren Betrieben ausweitet.
- Contract renewal and expansion with major baking company
- $10 million potential revenue capture from expanded partnership
- Immediate contract implementation with near-term operational start
- None.
ENGLEWOOD CLIFFS, N.J., March 06, 2025 (GLOBE NEWSWIRE) -- Atlantic International Corp. (“Atlantic”) (Nasdaq: ATLN), a leading provider of strategic staffing, outsourced services and workforce solutions, today announced that its subsidiary Lyneer Staffing Solutions (“Lyneer”) has secured a significant contract renewal with a premier North American baking company in Northern California.
The renewed partnership includes an expansion to additional locations, positioning Lyneer to capture approximately
“This contract renewal represents a powerful vote of confidence in Lyneer’s ability to deliver consistent value to our clients,” said Todd McNulty, CEO of Lyneer. “By expanding our relationship with this valued client to additional locations, we’re strengthening our partnership and demonstrating our commitment to scaling our specialized workforce solutions across their operations. We look forward to continuing to provide exceptional talent that drives their business forward.”
Jeffrey Jagid, CEO of Atlantic, added, “This significant contract renewal aligns perfectly with our growth strategy of deepening relationships with key clients across strategic industries. Lyneer continues to be a vital component of Atlantic, and this expanded partnership further validates our acquisition strategy. We’re excited about the opportunities this presents for both companies as we continue to enhance our service offerings and drive shareholder value.”
The expanded contract will go into effect immediately, and Lyneer will begin staffing operations at the new locations in the coming weeks.
About Atlantic International Corp.
Atlantic International Corp. (“Atlantic”) (Nasdaq: ATLN) is a leading strategic staffing, outsourced services, and workforce solutions company executing a high-growth strategy. Through its principal operating subsidiary Lyneer, Atlantic provides its customers with complete HR solutions, operating 40+ independent on-site and vendor-on-premises facilities and paying over 12,000 employees weekly. According to Staffing Industry Analysts, Atlantic is among the largest national staffing companies servicing the light industrial, commercial, professional, finance, direct placement, and managed service provider verticals.
For more information about Atlantic International Corp., please visit www.atlantic-international.com.
Forward-Looking Statements & Safe Harbor Statement
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
With the exception of the historical information contained in this press release, the matters described herein, may contain “forward-looking statements” relating to the business of Atlantic, and its subsidiary company Lyneer. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects,” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website at http://www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors.
Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
Atlantic Investor Relations
investors@atlantic-international.com
FAQ
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