Business
UNIFI®, Makers of REPREVE®, Announces the Sale of Manufacturing Facility
GREENSBORO, N.C., May 21, 2025--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), the makers of REPREVE® and one of the world’s leading innovators in recycled and synthetic yarns, today announced the closing of the sale of its manufacturing facility in Madison, North Carolina to a third-party buyer.
About this update from Unifi, Inc. New
Proceeds allocated to reduce debt, strengthen balance sheet, and enhance future financial performance GREENSBORO, N.C., May 21, 2025 --( BUSINESS WIRE )--Unifi, Inc. (NYSE: UFI) (together with its consolidated subsidiaries, "UNIFI"), the makers of REPREVE ® and one of the world’s leading innovators in recycled and synthetic yarns, today announced the closing of the sale of its manufacturing facility in Madison, North Carolina to a third-party buyer. Transaction Highlights: "The sale of our Madison facility, and related exit of yarn manufacturing at that site, marks a significant step in transitioning our Americas business to improved profitability. As a result of this transaction, we paid down a meaningful portion of our existing debt and enhanced our overall financial position," said Eddie Ingle, Chief Executive Officer of UNIFI, Inc. "Beyond the improvement to the balance sheet, the relocation of the production capacity from the Madison facility to other locations in North and Central America will dramatically optimize our business and make UNIFI a leaner organization." 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 the United States, Colombia, El Salvador, and Brazil and sales offices all over the world. UNIFI envisions a future where circular and sustainable solutions are the only choice. For more information about UNIFI, visit www.UNIFI.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20250521321247/en/ Contacts Josh Carroll or Blaine McNulty Alpha IR Group 312-445-2870 [email protected]