Unifi Announces Plans to Sell Plant
October 2, 2008
YADKINVILLE, North Carolina – Unifi, Inc. a polyester yarn producer will sell its manufacturing plant in Yadkinville, North Carolina for $7 million in the first half of 2009.
Company officials reported to the Securities and Exchange Commision that some of its subsidiaries will expect to gain about $5 million from the sale.
About 21 percent of Unifi's yarns are used in the contract and residential furniture industries.
Company officials reported to the Securities and Exchange Commision that some of its subsidiaries will expect to gain about $5 million from the sale.
About 21 percent of Unifi's yarns are used in the contract and residential furniture industries.