Youngevity International (YGYI) Completes Joint Venture In Nicaragua For Large Scale Processing Facility And 2200 Acres Of Hemp Grow

SAN DIEGO — April 21, 2020 — Youngevity International Inc. (YGYI), today announced that its wholly-owned subsidiaries, CLR Roasters LLC and Khrysos Industries Inc. — the U.S. partners — have entered into an agreement with H&H Coffee Group Export Corp. and The Nica Hemp Cooperative Inc. to acquire the 2,200 acre Chaguitillo Farms in Sebaco-Matagalpa, Nicaragua.

Plans provide for all electricity and a 15,000 AMP electrical service to be delivered to the property and 45,000 Square feet of buildings to be erected for extraction drying and storage, and for greenhouse space to be added to the property. The total estimated cost for the land and improvements is approximately $30 million, with H&H contributing the 2,200 acre farm with an estimated value of approximately $10 million, and all the capital toward the construction of the project will be provided by The Nica Hemp Cooperative, estimated at $20 million.

The U.S. Partners will initially contribute $3 million of extraction equipment to the project along with its expertise in the hemp business. Additionally, subject to Nasdaq approval, the U.S. Partners intend to issue 1.5 million shares of YGYI common stock to the Nica Hemp Cooperative in exchange for a 50 percent stake in the land and the improvements — having a $30 million estimated value at completion — and will also issue 5 million warrants with a strike price $1.50 per share to the Nica Hemp Cooperative and the US Partners will receive a 75 percent controlling stake in the hemp grow and oil extraction business.  The warrants will be issued when the project is completed and commences its operations.

The project provides for complete preparation of the 2,200 acres; however, the initial pilot program planting will be for approximately 200 acres with an expected production of 400,000 lbs. of hemp bio mass on the initial acreage, which is estimated to convert to 13,000 liters of winterized crude oil which, at current market prices has the potential to generate $6.4 million in gross revenue. The group anticipates growing 400 acres in year 2, 800 acres in year 3, and 2,200 acres in 2023. Fully planted the projection for hemp yield in pounds is approximately 4.4 million pounds per year, which is estimated to convert to 129,000 liters of winterized crude oil, which at current market prices has the potential to generate approximately $64 million in gross revenue. All estimates are assuming only 1 annual crop yield, however, the weather in Nicaragua may be conducive to multiple harvests annually.

“This is a very impressive partnership and collaboration between our Hemp Enterprise, our Coffee Enterprise and our very strong and growing strategic business relationship in Nicaragua. We feel that the value of YGYI’s 50 percent interest in the land and infrastructure at completion of the project along with the assumption that the warrants will be exercised represents a significant premium to our current trading price,” said Dave Briskie, president and CFO of Youngevity.

“We are proud to be part of such a significant project in Nicaragua in this burgeoning industry. We are pleased to be executing on the exclusive rights to grow hemp in Nicaragua that was granted to our group in November of last year. This project is only made possible through a strong collaboration of experts and a vision to be a leader in this space,” said Alain Piedra Hernandez, president of H&H Export Y CIA. Ltda.

“Our team at Khrysos is honored to be supporting this Nicaraguan Hemp Initiative. It’s always a great thing when projects of this magnitude can come together and benefit all parties in a significant way. This should create expanding markets and job opportunities in both Nicaragua and the USA,” said Dr. Dwayne Dundore, president of Khrysos.

Posted April 21, 2020

Source: Youngevity International Inc.

Bed Bath & Beyond Inc. Appoints John Hartmann COO

UNION, N.J. — April 21, 2020 — Bed Bath & Beyond Inc. has appointed John Hartmann as COO of Bed Bath & Beyond and President, buybuy BABY (BABY), effective May 18, 2020. Hartmann will report directly to Mark Tritton, president & CEO, and be a key member of a streamlined senior leadership team.

Hartmann will lead key areas of the company’s transformation including IT, supply chain and real estate, working across the company’s five strategic growth pillars to accelerate decision-making and enhance connectivity across functions.  He will also be responsible for re-engineering the company’s supply chain and technology infrastructure to enhance fulfilment, drive cost improvements, improve customer experience and support the introduction of omnichannel improvements such as Buy-Online-Pick-Up-In-Store (BOPIS) across its fleet of stores. As President of BABY, John will be responsible for further developing the growth strategy for this leading infant and small children retail brand.

Mark Tritton, president & CEO, said: “We continue to drive our growth plans and invest in strategic talent, while managing through the COVID-19 situation, backed by significant financial flexibility.”

“John is a world-class leader with a passion for building high-performing teams and deep expertise delivering transformation in the retail sector. He will accelerate the execution of our vision to make it easy to feel at home with Bed Bath & Beyond, helping rebuild a modern, durable business and a deeper connection with our loyal customers across our portfolio of brands.”

Hartmann joins Bed Bath & Beyond from True Value Co., one of the world’s largest hardware wholesalers, where he was president and CEO. Hartmann led True Value through a significant business transformation that modernized and strengthened its wholesale supply chain, accelerated technology investments to align with the changing retail landscape and drove growth and profitability across its 4,500 retail locations.

Prior to this, Hartmann was CEO of leading home improvement company Mitre 10, COO at HD Supply, and has held senior positions at The Home Depot, Cardinal Health and the Federal Bureau of Investigation.

“I am passionate about retail and thrilled to join the Company to help transform this iconic brand. Together with the leadership team, I am confident we will continue to increase the pace of change to rebuild this business and support Bed Bath & Beyond’s omni-channel future,” said Hartmann.

Recruiting strategic talent remains a top priority for the company, and it plans to announce additional appointments in the coming weeks.

Posted April 21, 2020

Source: Bed Bath & Beyond Inc.

Minnesota Based Airtex Group | Acme Made Pivot Manufacturing To Help Provide Personal Protective Equipment (PPE)

MINNEAPOLIS — April 21, 2020 — Responding with urgency to the national Covid-19 pandemic, Minneapolis based textile manufacturer, Airtex Group | Acme Made, has pivoted their manufacturing operation at its Minnesota facility to provide critical personal protective equipment (PPE) supplies for front line doctors, nurses and medical professionals.

Airtex Group | Acme Made, normally a textile manufacturer designing and producing products such as high-end linen window coverings, pillows, throws, and bags, was well positioned to redeploy their workforce to sew gowns, non-surgical facemasks and assemble face shields.

“Our talented team of designers and operations staff knew exactly what to do when presented with the need for PPE gear,” said CEO Mike Miller. “In addition to our consumer home textile business, we have many business to business customers in the medical industry, so we used strong connections and supply chain expertise to get raw materials into the factory quickly,” added Miller.

The gowns are classified as Level 2 Isolation wear made from an innovative recycled material that allows moisture to pass from the inside while shielding fluids from the outside. With a softer and thinner material, this gown is lighter than most Isolation level 2 gowns, an important attribute when worn for long periods of time. The gown meets various medical industry standards for resistance of materials used in protective clothing.

“Our number one priority is keeping our team healthy, so we’ve stepped up normally stringent standards for cleaning and monitoring everyone’s health under CDC guidelines,” added Miller. “We feel very fortunate that our team has had no issues and that we’ve been able to keep everyone employed.”

The Acme Made branded Miller Face Mask is pleated, with an adjustable nose bridge and includes an interior pocket where a replaceable filter can be used for multiple use applications. The Acme Made branded Walker Face Mask is a center stitched mask with an adjustable nose bridge. Both products are made from unused upcycled scrap fabrics and available online at AcmeMade.com for consumers and businesses.

Posted April 21, 2020

Source: Acme Made

Lee® Announces Global Sustainability Goals

GREENSBORO, N.C. — April 21, 2020 — In honor of the 50th anniversary of Earth Day, Lee®, the iconic apparel brand known for its timeless denim style and innovative apparel, announced its first-ever global sustainability goals. Established under Lee’s recently launched global sustainability platform, For a World That Works™, these goals focus on boldly pursuing more sustainable solutions for apparel development and production.

“At Lee, we are committed to doing our part to help lead our industry toward a better future,” said Chris Waldeck, EVP, global brand president, Lee. “Our global sustainability goals will guide our actions and help accelerate our commitment to providing products that drive positive changes for our environment and communities, while delivering the quality and style consumers expect from Lee.”

Lee’s four global sustainability goals are to:

  • Power 100 percent of all owned and operated facilities with renewable energy by 2025.
  • Utilize more than 50 percent sustainable synthetics by 2025.
  • Source 100 percent sustainably-grown or recycled cotton by 2025.
  • Increase Indigood™ dyed products every year through 2025.

These global goals convey Lee’s commitment to integrating sustainable solutions into the brand’s design and manufacturing processes and to reducing environmental and social impacts. They also build on Lee’s latest sustainably focused product launches and partnerships including:

  • Indigood™ Denim: Launched this Spring, Indigood™ Denim is a signature product line that reduces the amount of water required by 100 percent, the energy required by 60 percent and the waste produced by 60 percent by replacing the traditional water vats and chemical baths of conventional indigo dyeing with a foam dye applicator. Indigood™ is Lee’s commitment to discovering and integrating into their supply chain, the most sustainable ways to dye denim.
  • Back to Nature: Lee’s range of biodegradable denim products, Back to Nature jeans are made from 100 percent cotton. When the jeans and jackets reach the end of their useful life, the metal buttons can be unscrewed and reused, and the remaining component products can be composted at home.
  • Ellen MacArthur Foundation’s Jeans Redesign: In 2019, the brand signed on to the Foundation’s Jean’s Redesign Guidelines, which set minimum requirements on durability, material health, recyclability and are based on the principles of a circular economy. The guidelines are being integrated into an internal assessment tool used to measure the sustainability performance of Lee products.

“With these targets, we are raising the bar on what consumers can expect from Lee in terms of environmental sustainability,” said Roian Atwood, senior director of sustainable business, Lee. “For A World That Works is fueled by a sense of urgency and responsibility.  As we look ahead, we must continually challenge ourselves to redefine how we operate, so that we can help create a brighter future for our planet and our industry.”

Launched in February, For A World That Works™ unites Lee’s legacy of innovation and purpose with a responsibility to build a stronger, more sustainable world. Learn more about Lee’s sustainability goals and For A World That Works ™ at Lee.com.

Posted April 21, 2020

Source: Lee

Pendleton Woolen Mills Announces Zion National Park Blanket And Contributions To The National Park Foundation

PORTLAND, Ore. — April 21, 2020 — Pacific Northwest lifestyle brand Pendleton Woolen Mills has announced the addition of the Zion National Park Blanket to their National Park Collection. The Zion National Park Stripe will carry over into additional lifestyle products such as outerwear, mugs and socks.

This newest blanket in the modern Pendleton National Park Collection is the first for a Utah national park. Current national parks featured in blankets include Glacier, Yellowstone, Grand Canyon, Olympic, Acadia, Crater Lake, Yosemite and Zion.

The Zion National Park Blanket features navy, ochre and goldenrod stripes on a brick red background and is available in full and queen sizes. “We were inspired by the bold stripe design of a version of the blanket from the 1950s,” shared Amanda Coppa, senior merchandise manager of Pendleton’s home division. “The colors were drawn from the beauty of the park! We emphasized the deep red that Utah and Zion are known and loved for.”

The Pendleton National Park Collection is a curated selection of lifestyle products with sales of the blankets and select additional partner product supporting the National Park Foundation, the official charity of America’s national parks. Since the creation of the partnership between Pendleton and the National Park Foundation in 2016, Pendleton and its collaboration partners have contributed over $900,000 to the National Park Foundation. The National Park Foundation, in partnership with the National Park Service, enriches America’s national parks and programs through private support, safeguarding our heritage and inspiring generations of national park enthusiasts.

Pendleton’s contributions have supported two landmark national park projects, including the restoration of the double helix staircase at the Many Glacier Hotel, a renowned national historic landmark, in Glacier National Park, and preservation of the historic Grand Canyon Train Depot in Grand Canyon National Park.

Posted April 21, 2020

Source: Pendleton Woolen Mills

Unifi Names Edmund Ingle CEO

GREENSBORO, N.C. — April 21, 2020 — Unifi Inc. today announced that its board of directors has appointed Edmund “Eddie” Ingle CEO and a member of the board of directors effective July 1, 2020. Ingle previously spent 30 years with Unifi in progressively senior roles from 1986 to 2018 before becoming an executive with Indorama Ventures.

After more than 40 years of dedicated and exceptional service to Unifi, Thomas H. “Tom” Caudle Jr., president and COO of the company, has announced his retirement effective June 27, 2021. Caudle will continue to be president and COO through his retirement date.

Albert P. “Al” Carey, executive chairman of Unifi, said: “Unifi has been strategically searching for the right leader and industry-experienced candidate to lead this great company into the future. Today, I am very pleased to announce that Eddie will be returning to Unifi. Eddie brings over 30 years of experience with Unifi, having held several key leadership positions during that time. The Board viewed his blend of industry expertise, knowledge of Unifi, broad operational skills, and proven leadership to comprise the ideal candidate to execute the Company’s strategic objectives.

“I’m pleased that Tom will still be with us for another year to help us conclude some very important strategic projects and to assist with the management transition. Tom’s knowledge and expertise of our business and the industry have been invaluable, and he’s been an integral part of Unifi’s success over the years.”

“It has been very important to me to ensure that I leave the company and its people with a leader who can drive the business forward and leverage our exceptional teams and assets,” Caudle said. “I am delighted that Eddie is returning to Unifi and am fully confident in him and the entire leadership team to foster Unifi’s growth and success for years to come.”

“I am honored by this opportunity to serve as Unifi’s next CEO, and I am excited by the many opportunities we have,” Ingle said. “Unifi means a great deal to me because of my long history with the company and my steadfast belief in its people and products. I am humbled by the Board’s decision, and I’m eager to work with our fantastic team to fulfill our mission of being the world’s most sought-after performance and sustainability textile partner.”

Ingle, 55, currently serves as CEO for Indorama’s Recycling Group. Prior to that, he was Indorama’s chairperson and CEO for its Wellman International division. Ingle began his career at Unifi’s operations in Letterkenny, Ireland, in 1986 and moved to Winston-Salem in 1991 to work for Unifi in the United States, and over the years has held numerous progressive leadership positions, including vice president of supply chain and global corporate sustainability officer.

Al Carey will continue in his current position and will remain as executive chairman after the addition of Eddie Ingle.

Posted April 21, 2020

Source: Unifi, Inc.

Culp Expands Production Of Critical Products In Support Of COVID-19 Relief Efforts

HIGH POINT, N.C.— Culp Inc. today announced updates to recent measures the company has taken across several locations in its global platform in North America and Asia to increase production of face masks, bedding covers, and fabrics for healthcare operations and consumer health. These additional steps include:

  • Expanding its work with several companies to produce face masks for supply to FEMA. These non-medical grade, three-layer cotton masks are made in accordance with FDA standards and are sewn at the company’s CLASS facilities in North Carolina and Haiti;
  • Producing and supplying face masks for consumers and healthcare workers through the company’s Culp Hospitality platform in Knoxville, Tennessee, (Read Window Products) and through the company’s strategic partner relationships in Vietnam, which are now sewing face masks instead of upholstery fabric kits for the company. These non-medical grade, three-layer cotton masks are also made in accordance with FDA standards;
  • Producing and supplying sewn bedding covers and bedding fabrics used for hospital beds at the company’s CLASS facility in North Carolina and through the company’s Asian platform;
  • Working to assist other companies by using certain of Culp’s lamination equipment and finishing capabilities at the company’s facilities in Stokesdale, North Carolina, and Canada for their production of critical products for the healthcare industry, including woven medical gowns; and
  • Utilizing the company’s full-scale research and development team to develop fabrics and other solutions for current and future personal protection equipment (PPE) needs.

Iv Culp, Culp CEO, said, “As the COVID-19 pandemic has spread across the world, I am extremely proud of our employees and strategic partners across our global platform for stepping up to assist in Culp’s relief efforts. We are utilizing our production and sourcing capabilities in the United States, Haiti, Canada, and Asia to supply much-needed PPE for healthcare workers and the communities we serve, and to support numerous customer requests for bedding covers and mattress fabrics used for hospital beds. Our mattress fabrics and upholstery fabrics divisions are working cross-functionally in these efforts and leveraging their resources to meet critical needs. Our plans are to produce at least one million face masks and to supply fabric and covers for tens of thousands of hospital mattresses over the next few months. The initiative to reprioritize some of our operations to produce PPE is not about profit, but rather to support our nation during this crisis while also keeping as many workers as possible employed. Culp associates are honored by the opportunity to pitch in and support our front-line workers, our healthcare operators, our communities, and our nation during this unprecedented time.”

Posted April 21, 2020

Source: Culp

Hemp Fiber Processing Is No Longer Just An Idea — It Is Here

HOPKINSVILLE, Ky. — April 21, 2020 — Global Hemp Solutions is a veteran owned company that is known for its variety of specialized hemp processing equipment and continued service we provide to the industry. GHS has been and will remain a strong advocate for farmers, processors, and retailers in this industry. Many are seeing a standstill in the current market and there are reasons for this: a lack of processing infrastructure. We have the solution!

GHS has substantial manufacturing capabilities, amazing equipment designs, and many partnerships formed in order to provide the industry with the best possible equipment, genetics, and services. Our team of executives and engineers spent years researching equipment and ensuring we could find the right match with a manufacturer. After many discussions and meetings, GHS has solidified this amazing relationship with a company that has the same morals and ethics as well as an evident desire to help farmers and create a sustainable environment to pass on to generations.

Global Hemp Solutions is the United States distributor of the largest and most sophisticated hemp fiber processing and decortication system in the world. This system is capable of upwards of 10 tons per hour input processing! Now imagine this system that is nearly 100-percent automated!

We have formed an amazing relationship with our team of manufacturers in Europe. This is not even the best part! As you know, GHS loves transparency! We believe that full transparency is what will help this industry grow. GHS currently manufactures a majority of our equipment in Kentucky with a manufacturing team of over 750 employees and we are excited to bring the European technology here to increase production for the US hemp industry!

Please note: We need multiple facilities throughout the country. This is NOT a “one person runs it all” scenario. Having these facilities strategically placed throughout the country will allow farmers to shift from struggling with raising hemp for oil production and focus on a row crop scenario with harvesting equipment that already exists. Shifting our focus to hemp fiber production/processing is what will save the farmers in the long run. Global Hemp Solutions needs companies that have a true desire to build infrastructure that will help this industry grow. We work hand in hand with the manufacturer. You will also deal directly with the manufacturer.

If you are interested in the equipment, contact us. We will bring you directly to our manufacturer to discuss your layout. We are currently working with a few select clients on their designs and are in a position to take on many more. We have a dedicated team standing by to help with this endeavor. GHS has every cost computed and every detail outlined to help get you operational. No smoke and mirrors here. Global Hemp Solutions is paving the way for Hemp! Investors are welcome to contact us directly. Some of our clients are seeking investments.

Posted April 21, 2020

Source: Global Hemp Solutions

COVID-19: Miller Weldmaster’s Response

NAVARRE, Ohio — April 21, 2020 — What Miller Weldmaster is doing to help prevent the spread of COVID-19

We have faced many things in our 45+ year history, but nothing quite like the global pandemic we are faced with today. We are confident in the resilience of our country, and that we will get through this difficult period together. We are proud to be part of the fight against the COVID-19 pandemic by supplying life sustaining, critical need machines to fulfill the unprecedented demands of crucial industries. Miller Weldmaster is committed to providing solutions when our customers and colleagues need us most. Here’s how we are responding.

Virtual Demos: Even when traveling is not an option, business must go on! Miller Weldmaster is accommodating our customers by offering live virtual demonstrations and training sessions to help with your research, buying decisions, or service needs. Visit https://www.weldmaster.com/virtual-demo/ for how we can help you.

Near-Immediate Shipment: Recently, we have had a lot of inquiries about welding machines for tents, masks, protection gear, prevention signage and more. To help companies essential businesses to continue to give back, we have made our T300 Extreme and T600 Extreme welders available for near-immediate shipment.

Production of Trauma Center and Hospital Field Cots: The demand for personal protective equipment (PPE) and hospital beds is acute throughout the nation and around the world to care for the increasing number of affected people that need critical care. We are collaborating with other local NE Ohio manufacturers to create and develop an emergency field hospital cot. Due to the simple design they are able to produce a cot in high volume in very short periods of time. Miller Weldmaster helped PioneerIWS develop a prototype for the mattress along with Seaman Corporation, Snyder Manufacturing, Arise Tents, and many other key contributors.

As of this writing, 5,000 cots have been delivered to New York and Ohio, with additional interest from new “hot spots” and distributors. These cots are being shipped out as they are completed as they are urgently needed.

“Ohio Governor Mike DeWine said recently “this is not an ordinary time”; he likened it to a war. The term “this is not an ordinary time” came from Eleanor Roosevelt in 1940. The first lady at that time said, “this is no ordinary time, no time for weighing anything except what we can best do for the country”. We need to focus on this and what we do as citizens to protect ourselves and our families,” said Brent Nussbaum, president, Miller Weldmaster.

Miller Weldmaster manufactures and services innovative and custom-made hot air, hot wedge, impulse, radio frequency and other welding technologies for the needs of the industrial fabric and thermoplastic industries. Miller Weldmaster is recognized around the world as the first choice in industrial fabric welding for over 45 years. Contact us if we can help your company further prevent the spread of COVID-19.

Posted April 21, 2020

Source: Miller Weldmaster

A. Monforts : Industrial-Scale Testing For New PPE Finishes

MÖNCHENGLADBACH, Germany — April 21, 2020 — In the current fight against Covid-19, a number of formulators of textile finishing chemicals have rushed out new antiviral and antimicrobial treatments intended for personal protective equipment (PPE) such as face masks and medical gowns and drapes.

These finishing chemicals have naturally already been thoroughly tested in laboratories and their effectiveness verified at laboratory or pilot scale. However, they are new to many manufacturers of textiles and nonwovens now preparing to use them on an industrial level.

“We know that in this current, unprecedented situation, many of our customers are rapidly preparing to transition from their usual manufacturing programs to the production of PPE items,” said Klaus Heinrichs, vice-president at Monforts. “Some, such as Trident and Welspun in India, which both operate a number of our machinery ranges, have already embarked on new PPE production programs.

“We have experts on hand at our operational Advanced Technology Centre (ATC) here in Germany, to help any of our customers to rapidly transition to new finishing techniques and treatments they may not be familiar with, and to run trials on their behalf, should they require this assistance.”

The three lines at the ATC situated at the Monforts HQ in Mönchengladbach, are of a true industrial scale and trialling new products on them goes beyond lab or pilot plant testing to rapidly identify any problems that might occur once full production is underway.

Since its opening in 2013, more than 3 million euros has been invested in equipment at the Monforts ATC, which over an area of 1,200 square meters houses two full finishing lines, engineered to accommodate an extremely diverse range of processes and based around the industry-leading Montex stenter, in addition to a Thermex range for the continuous dyeing and the newly developed process of yarn dyeing. Recent expansions have included the installation of the latest Monforts Montex®Coat coating system, with which it is possible to operate in seven different application modes in s single machine.

The Monforts teleservice team is also fully available as normal to help customers via remote service on trouble shooting issues.

“We congratulate those customers who are doing all within their power to combat this pandemic that is having such a devastating impact globally,” Heinrichs concluded. “We are here to support them in any way we can and put our services and know-how at their disposal.”

Posted April 21, 2020

Source: A. Monforts Textilmaschinen GmbH & Co. KG

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