• Unifi Manufacturing, the domestic operating subsidiary of US yarn manufacturer Unifi, has acquired the dyed yarn business of National Spinning Co.
  • The move is expected to shorten development and production times for Unifi, as well as position it for growth in segments such as sweaters, hosiery and apparel.
The acquisition is expected to enhance Unifis position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to its dyed yarn portfolio

The acquisition is expected to enhance Unifi's position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to its dyed yarn portfolio

Unifi Manufacturing, the domestic operating subsidiary of US yarn manufacturer Unifi, has acquired the dyed yarn business of National Spinning Co in a move that will allow it to shorten production lead times and offer more sourcing flexibility for its customers.

Made for an undisclosed sum, the acquisition is expected to enhance Unifi's position as a leading producer of dyed staple and filament yarn in the region, and will add acrylic and wool products to its dyed yarn portfolio.

"This acquisition will better position Unifi for growth in key market segments such as sweaters, hosiery and apparel, as our expanded dyed yarn portfolio will help strengthen our relationship with existing customers and brings opportunities to attract new customers as we become an even greater solutions provider," says Unifi COO Tom Caudle.

"Additionally, our customers continue to focus on shortening product development and production lead times, and thus we expect that these new capabilities will allow us to provide flexible and responsive dyed yarn solutions to meet this demand. Expanding our product portfolio will also bring additional innovation to the dyed yarn supply chain, and will provide more sourcing flexibility for customers while assuring continued capability and expertise."

Unifi intends to transition the dyed yarn business from National Spinning's facility in Burlington, North Carolina, to Unifi's dye house in Reidsville, also in North Carolina. Once completed, Unifi expects its Reidsville dye house to operate on a seven-day schedule, allowing the company to deliver on quick lead times and enhance responsiveness to customer needs.

To help make the acquisition as seamless as possible, key National Spinning sales, technical and operations personnel will join Unifi as employees, with Unifi extending employment offers to other members of National Spinning's workforce.

"We believe this transaction best serves the long-term interests of both our employees and our customers," says Jim Booterbaugh, COO of National Spinning. "Customers will receive world-class innovation and technical support from Unifi, and employees that join Unifi will benefit from the career opportunities provided by a larger portfolio of products, services and solutions."

The companies expect the transaction to close in May, subject to typical closing conditions.