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.
"These additional assets will allow Unifi to increase its product offerings into the industrial, belting, hose and thread industries by offering mid-tenacity flat yarns," said Roger Berrier, President and Chief Operating Officer of Unifi. "We will continue to offer all of the existing products and services to all customers, while introducing more product options into these markets, including REPREVE? and other Unifi PVA products."
