Bill Lowe, COO and CFO for Unifi said, "Our underlying business experienced distinct improvements, including cash generation, in the current quarter."
Brian Parke, Chairman and CEO of Unifi said, "Our Board of Directors has completed its strategic review, which was designed to scrutinize the various strategic alternatives available to our business and our shareholders. Based on the review, both management and the Board of Directors agree the optimal strategy is the pursuit of selective consolidation opportunities in our domestic yarn market, while continuing to explore participation in the global growth of emerging markets.”
The company will provide updates as definitive transactions are approved by the Board of Directors.
Unifi Inc is a leading diversified producer and processor of multi-filament polyester and nylon textured yarns and related raw materials. It adds value to the supply chain and enhances consumer demand for its products through the development and introduction of branded yarns that provide unique performance, comfort and aesthetic advantages.
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