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Slide #51. Unifi — Assets of Dillon Yarn's American Drawtech Business
Assets of Dillon Yarn's American Drawtech Business
Unifi, Inc. (NYSE: UFI) announced today that it has purchased the assets of American Drawtech, a division of Dillon Yarn Corporation, which were relocated to the Company's Yadkinville, North Carolina, manufacturing facility in June 2013, as part of a commissioning agreement between the two companies. Unifi purchased the assets, which consist of draw winding equipment, as part of its mix enrichment strategy that includes introducing REPREVE and other premier value-added (PVA) products into the mid-tenacity flat yarn markets. The assets will increase the Company's production capacity in the growing regional market, which will allow Unifi to expand its presence in targeted industrial and thread markets. Terms of the purchase were not disclosed.
UNIFI manufactures and sells polyester-based and nylon-based products primarily to other yarn manufacturers and knitters and weavers (UNIFI's direct customers) that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial and other end-use markets. Co.'s segments are: Polyester, which sells polyester-based products to other yarn manufacturers, knitters and weavers that produce yarn and/or fabric; Nylon, which sells nylon-based products to knitters and weavers that produce fabric for the apparel and hosiery markets; and Asia and Brazil, which sells polyester-based products to knitters that produce fabric for the apparel markets in Asia and South America.
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Strong Buy (4.00 out of 4)