Unifi in the red, looks for solutions
October 20, 2005,
GREENSBORO, N.C. -- Raw material-based yarn producer and processor Unifi Inc. is exploring strategic business alternatives -- including a potential merger or sale of the company, and the restructuring of its outstanding debt -- to improve shareholder value.
Aside from potential merger, sale or restructuring of debt, Unifi’s management is studying other alternatives, including: growing the business by expanding within the textiles industry, including into low-cost locations worldwide; and expanding in non-textiles-related businesses.
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