UNIFI®, Makers of REPREVE®, Announces U.S. Manufacturing Transition
Strategic decision to enhance operating efficiency, lower fixed costs, improve profitability and further strengthen balance sheet
Key Highlights:
- The footprint reduction will improve efficiency and strengthen operations to better support customers’ needs without sacrificing sales volume or creating disruptions in production capacity.
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The transition will allow for a significant increase in utilization rates at the remaining facilities across North and
Central America , improving fixed cost absorption and supporting an enhanced long-term profitability profile. - To maintain business continuity and customer service levels, certain equipment will be relocated to meet the current and growing needs of the market.
- Proceeds from the future sale of the property will be prioritized against paying down existing debt.
Eddie Ingle, Chief Executive Officer of UNIFI, Inc., stated, “We are very grateful for the hard work, contributions, and support from everyone involved with the
Ingle continued, “The closure of this facility enables us to better align UNIFI’s manufacturing footprint with our growing customer base across North and
Additional details on the strategic transition will be provided during the Company’s upcoming second quarter fiscal 2025 earnings conference call that will take place on February 6, 2025, at 8:00 a.m. Eastern Time.
About UNIFI
UNIFI, Inc. (NYSE: UFI) is a global leader in fiber science and sustainable synthetic textiles. Using proprietary recycling technology, UNIFI is a pioneer in scaling the transformation of post-industrial and post-consumer waste into sustainable products. Through REPREVE, the world’s leading brand of traceable, recycled fiber and resin, UNIFI is changing the way industries think about the materials they use – and reuse. A vertically-integrated manufacturer, the company has direct operations in
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Media inquiries:
Melissa Henkle
Director of Marketing & Communications
336-316-5473
mhenkle@unifi.com
Investor inquiries:
Josh Carroll or Blaine McNulty
Alpha IR Group
312-445-2870
UFI@alpha-ir.com
Source: Unifi, Inc.