Unifi Purchases Assets of Dillon Yarn's American Drawtech Business

GREENSBORO, N.C., Dec. 2, 2013 /PRNewswire/ -- Unifi, Inc. (NYSE: UFI) announced today that it has purchased the assets of American Drawtech, a division of Dillon Yarn Corporation, which were relocated to the Company's Yadkinville, North Carolina, manufacturing facility in June 2013, as part of a commissioning agreement between the two companies.  Unifi purchased the assets, which consist of draw winding equipment, as part of its mix enrichment strategy that includes introducing REPREVE^® and other premier value-added (PVA) products into the mid-tenacity flat yarn markets.  The assets will increase the Company's production capacity in the growing regional market, which will allow Unifi to expand its presence in targeted industrial and thread markets.  Terms of the purchase were not disclosed.

"These additional assets will allow Unifi to increase its product offerings into the industrial, belting, hose and thread industries by offering mid-tenacity flat yarns," said Roger Berrier, President and Chief Operating Officer of Unifi. "We will continue to offer all of the existing products and services to all customers, while introducing more product options into these markets, including REPREVE^® and other Unifi PVA products."

About Unifi:

Unifi, Inc. is a multi-national manufacturing company that produces and sells textured and other processed yarns designed to meet customer specifications, and premier value-added ("PVA") yarns with enhanced performance characteristics.  Unifi maintains one of the textile industry's most comprehensive polyester and nylon product offerings.  Unifi enhances demand for its products, and helps others in creating a more effective textile industry supply chain, through the development and introduction of branded yarns that provide unique performance, comfort and aesthetic advantages.  In addition to its flagship REPREVE^® products – a family of eco-friendly yarns made from recycled materials – key Unifi brands include:  SORBTEK^®, REFLEXX^®, AIO^® – all-in-one performance yarns, SATURA^®, AUGUSTA^®, A.M.Y.^®, MYNX^® UV and MICROVISTA^®.  Unifi's yarns are readily found in the products of major brands in the apparel, hosiery, automotive, home furnishings, industrial and other end-use markets.  For more information about Unifi, visit www.unifi.com; to learn more about REPREVE^®, visit www.repreve.com.

CAUTIONARY STATEMENT ON FORWARD-LOOKING STATEMENTS

Certain statements included herein contain forward-looking statements within the meaning of federal securities laws about the financial condition and results of operations of Unifi, Inc. (the "Company") that are based upon management's beliefs, assumptions and expectations about our future economic performance, considering the information currently available to management.  The words "believe," "may," "could," "will," "should," "would," "anticipate," "estimate," "project," "expect," "intend," "seek," "strive," and words of similar import, or the negative of such words, identify or signal the presence of forward-looking statements.  These statements are not statements of historical fact; they involve risk and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition that we express or imply in any forward-looking statement.

Factors that could contribute to such differences include, but are not limited to: the competitive nature of the textile industry and the impact of worldwide competition; changes in the trade regulatory environment and governmental policies and legislation; the availability, sourcing and pricing of raw materials; general domestic and international economic and industry conditions in markets where the Company competes, such as recession and other economic and political factors over which the Company has no control; changes in consumer spending, customer preferences, fashion trends and end-uses; the financial condition of the Company's customers; the loss of a significant customer; the success of the Company's strategic business initiatives; the continuity of the Company's leadership; volatility of financial and credit markets; the ability to service indebtedness and fund capital expenditures and strategic initiatives; availability of and access to credit on reasonable terms; changes in currency exchange rates, interest and inflation rates; the ability to reduce production costs; the ability to protect intellectual property; employee relations; the impact of environmental, health and safety regulations; the operating performance of joint ventures and other equity investments; and the accurate financial reporting of information from equity method investees.

All such factors are difficult to predict, contain uncertainties that may materially affect actual results and may be beyond our control.  New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on the Company.  Any forward-looking statement speaks only as of the date on which such statement is made, and we do not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made, except as may be required by federal securities law. The above and other risks and uncertainties are described in the Company's annual report on Form 10-K for the fiscal year ending June 30, 2013, and additional risks or uncertainties may be described from time to time in other reports filed by the Company with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934, as amended.

SOURCE Unifi, Inc.