Madison Facility Sale
UNIFI has entered into an agreement to sell its Madison, North Carolina manufacturing facility for $53.2 million. The sale is expected to close on May 15, 2025, and will help reduce outstanding debt and enhance the company's financial position.
Improved Capacity Utilization
With the closure of the Madison facility, remaining yarn facilities in North and Central America will begin operating at much higher levels of capacity, expected to enhance liquidity and margin performance.
Sustainability and Innovation Initiatives
UNIFI's REPREVE fiber initiatives and Beyond Apparel products are gaining traction, with a focus on circularity and innovation. New products like REPREVE Takeback filament yarn and Thermaloop are expected to boost future sales.
Strong Performance in Central America
An increase in demand in Central America is noted, with more than 50% of business in the region being REPREVE, indicating a positive trend for future growth.
Awards and Recognition
UNIFI and its products received several accolades, including the Fast Company's recognition for textile-to-textile recycling efforts and the SEAL Sustainable Product Award for Thermaloop.