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Fiber World

Unifi Buys Yarn Texturizing Assets From Sara Lee

Unifi Inc., Greensboro, N.C., has purchased for $2.6 million certain yarn production equipment from Sara Lee Branded Apparel, Winston-Salem, N.C. Unifi also entered into a long-term agreement to become Sara Lee's nylon supplier. All operations and equipment from Sara Lee's fine denier covered yarn and textured nylon filament yarn hosiery operations will be moved to Unifi's Madison, N.C., facility by July 16th. According to Unifi, the acquisition and supplier agreement will add 170 positions to the Madison facility and will increase net sales for its nylon yarn division by more than 20 percent.

July 2004