Atlantic International Corp. Secures Multi-Million Dollar Manufacturing Contract with National Expansion Opportunity
Atlantic International Corp. (NASDAQ: ATLN) has announced that its subsidiary Lyneer Staffing Solutions has secured a significant contract with a major central Pennsylvania food manufacturer. The initial contract is valued at $2 million in annual spending, with potential national expansion opportunities that could generate an additional $20+ million in revenue over the next 12-24 months.
The agreement establishes Lyneer as a key workforce solutions provider for the manufacturer's Pennsylvania operations, with possibilities to extend services to additional facilities across the United States. The contract, which began in January 2025, will focus on providing temporary workforce services, with national expansion discussions aimed at delivering scalable, cost-effective staffing solutions throughout the year.
Atlantic International Corp. (NASDAQ: ATLN) ha annunciato che la sua controllata Lyneer Staffing Solutions ha ottenuto un contratto significativo con un importante produttore alimentare della Pennsylvania centrale. Il contratto iniziale è valutato 2 milioni di dollari di spesa annuale, con potenziali opportunità di espansione nazionale che potrebbero generare ulteriori oltre 20 milioni di dollari di fatturato nei prossimi 12-24 mesi.
L'accordo stabilisce Lyneer come un fornitore chiave di soluzioni per la forza lavoro per le operazioni del produttore in Pennsylvania, con possibilità di estendere i servizi a ulteriori strutture negli Stati Uniti. Il contratto, che è iniziato a gennaio 2025, si concentrerà sulla fornitura di servizi di lavoro temporaneo, con discussioni di espansione nazionale mirate a offrire soluzioni di personale scalabili e convenienti durante l'anno.
Atlantic International Corp. (NASDAQ: ATLN) ha anunciado que su subsidiaria Lyneer Staffing Solutions ha asegurado un contrato significativo con un importante fabricante de alimentos de la Pensilvania central. El contrato inicial tiene un valor de 2 millones de dólares en gastos anuales, con oportunidades de expansión a nivel nacional que podrían generar más de 20 millones de dólares en ingresos durante los próximos 12-24 meses.
El acuerdo establece a Lyneer como un proveedor clave de soluciones de fuerza laboral para las operaciones del fabricante en Pensilvania, con posibilidades de extender los servicios a instalaciones adicionales en los Estados Unidos. El contrato, que comenzó en enero de 2025, se centrará en proporcionar servicios de mano de obra temporal, con discusiones de expansión nacional orientadas a ofrecer soluciones de personal escalables y rentables a lo largo del año.
아틀란틱 인터내셔널 코퍼레이션 (NASDAQ: ATLN)은 자회사인 라이니어 스태핑 솔루션스가 펜실베이니아 중앙의 주요 식품 제조업체와 중대한 계약을 체결했다고 발표했습니다. 초기 계약의 가치는 연간 지출 200만 달러이며, 향후 12-24개월 동안 추가로 2천만 달러 이상의 수익을 창출할 수 있는 국가적 확장 기회가 있습니다.
이 계약은 라이니어를 제조업체의 펜실베이니아 운영을 위한 핵심 인력 솔루션 제공업체로 자리매김하며, 미국 전역에 있는 추가 시설로 서비스를 확장할 수 있는 가능성을 제공합니다. 2025년 1월에 시작된 이 계약은 연중 운영할 수 있는 비용 효율적인 인력 솔루션을 제공하기 위해 임시 인력 서비스를 제공하는 데 중점을 두고 있으며, 국가적 확장 논의도 포함되어 있습니다.
Atlantic International Corp. (NASDAQ: ATLN) a annoncé que sa filiale Lyneer Staffing Solutions a obtenu un contrat important avec un grand fabricant alimentaire de la Pennsylvanie centrale. Le contrat initial est estimé à 2 millions de dollars de dépenses annuelles, avec des opportunités d'expansion nationale potentielles qui pourraient générer plus de 20 millions de dollars de revenus au cours des 12 à 24 prochains mois.
Cette entente établit Lyneer comme un fournisseur clé de solutions de main-d'œuvre pour les opérations du fabricant en Pennsylvanie, avec des possibilités d'étendre ses services à d'autres installations à travers les États-Unis. Le contrat, qui a débuté en janvier 2025, se concentrera sur la fourniture de services de main-d'œuvre temporaire, avec des discussions d'expansion nationale visant à offrir des solutions de personnel évolutives et rentables tout au long de l'année.
Atlantic International Corp. (NASDAQ: ATLN) hat bekannt gegeben, dass seine Tochtergesellschaft Lyneer Staffing Solutions einen bedeutenden Vertrag mit einem großen Lebensmittelhersteller in Zentral-Pennsylvania abgeschlossen hat. Der ursprüngliche Vertrag hat einen Wert von 2 Millionen Dollar an jährlichen Ausgaben und bietet potenzielle nationale Expansionsmöglichkeiten, die über die nächsten 12-24 Monate über 20 Millionen Dollar an Umsatz generieren könnten.
Die Vereinbarung etabliert Lyneer als einen zentralen Anbieter von Workforce-Lösungen für die Operations des Herstellers in Pennsylvania, mit Möglichkeiten, Dienstleistungen auf weitere Einrichtungen in den Vereinigten Staaten auszuweiten. Der Vertrag, der im Januar 2025 begann, wird sich auf die Bereitstellung von temporären Arbeitskräften konzentrieren, während nationale Expansionsdiskussionen darauf abzielen, im Laufe des Jahres skalierbare, kosteneffektive Personal Lösungen anzubieten.
- Secured new contract worth $2 million in annual revenue
- Potential additional revenue of $20+ million through national expansion over 12-24 months
- Strategic positioning for nationwide growth opportunities
- None.
Insights
The new
The strategic positioning in Pennsylvania's central region offers a strong foothold for national expansion. The contract's structure, starting with a focused regional deployment before national rollout, demonstrates a measured approach that reduces execution risk while maintaining significant upside potential. The 12-24 month expansion timeline suggests careful implementation planning and potential for steady revenue growth through 2026.
For context, the staffing industry typically operates on
This contract signals ATLN's growing competitive strength in the specialized food manufacturing staffing segment. The sector faces persistent labor challenges, with turnover rates typically exceeding
The timing is particularly favorable as food manufacturers increasingly outsource workforce management to reduce operational complexity and fixed costs. The national expansion component suggests the client's satisfaction with Lyneer's service model and could catalyze additional contracts in the sector. This reference account could accelerate ATLN's market share growth in food manufacturing, currently a
ENGLEWOOD CLIFFS, N.J., Jan. 14, 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 been awarded a significant contract to provide temporary workforce services to a prominent central Pennsylvania food manufacturer. The initial contract, valued at
The agreement positions Lyneer as a key workforce solutions provider for the manufacturer's Pennsylvania operations, with opportunities to expand services to additional facilities across the United States.
"This contract represents a major milestone for Lyneer and validates our commitment to delivering exceptional workforce solutions," said Todd McNulty, CEO of Lyneer. "Our proven track record in the food manufacturing sector, combined with our robust national infrastructure, makes us uniquely qualified to support our client's current needs while positioning us for significant growth as we expand our partnership nationwide."
Jeffrey Jagid, CEO of Atlantic International Corp., added, "This contract win demonstrates the strategic value of Lyneer within the Atlantic International portfolio. The potential for national expansion aligns perfectly with our growth objectives and reinforces our position as a leader in the staffing industry."
The partnership will enhance the manufacturer's operational efficiency while leveraging Lyneer's industry expertise, robust recruitment network, and customized workforce strategies. The national expansion discussions will focus on delivering additional value through scalable, cost-effective staffing solutions.
The contract commenced in January 2025, with national expansion opportunities expected to be implemented throughout the year.
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 Investments LLC (“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 top 20 largest national staffing companies servicing the light industrial, commercial, professional, finance, direct placement, and managed service provider verticals. Atlantic’s approximately 300 employees generated over
For more information about Atlantic International Corp., please visit www.atlantic-international.com.
For more information about Lyneer Staffing Solutions please visit www.lyneer.com.
Forward-Looking Statements & Safe Harbor Statement
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.
Investor Relations Contact
Atlantic IR
kfein@atlantic-international.com
FAQ
What is the value of ATLN's new manufacturing contract announced in January 2025?
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