Deal Snapshot
UNIFI ENTERS TO ACQUIRE THE DYED YARN BUSINESS AND ASSETS OF NATIONAL SPINNING
Monday 16 April 2018

US-based synthetic and recycled yarns provider Unifi, Inc.'s (NYSE: UFI) domestic operating subsidiary, Unifi Manufacturing, Inc., has entered into an agreement to acquire the dyed yarn business and assets of National Spinning Co., Inc., the company said.
Unify expects the acquisition to enhance its position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to the company's dyed yarn portfolio. The companies expect the transaction to close in May 2018, subject to typical closing conditions. Unifi intends to transition the dyed yarn business from National Spinning's facility in Burlington, North Carolina, to Unifi's state-of-the-art dye house in Reidsville, N.C.


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Details
Date Published: 16/04/2018
Target: National Spinning/ dyed yarn business and assets
Country: USA
Sector: Clothing/Textiles
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor: National Spinning
Buyer: Unifi
Comment:
Terms of the deal were not disclosed

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