Inclusive Capital Partners Engages in Discussions with Unifi
November 30, 2023 at 05:21 pm EST
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On November 30, 2023, Inclusive Capital Partners, L.P. announced that it has had and anticipate having further discussions with officers and directors of Unifi, Inc. in connection with Inclusive Capital Partners? investment in the Company. Inclusive Capital Partners added that the topics of these conversations have covered and will cover a range of issues, including those relating to the business of the Company, management, board composition, investor communications, operations, capital allocation, dividend policy, financial condition, mergers and acquisitions strategy, overall business strategy, executive compensation, corporate governance and environmental and social matters related to the Company's business and stakeholders.
Unifi, Inc. is a multinational company. The Company manufactures and sells recycled and synthetic products, made from polyester and nylon, primarily to other yarn manufacturers and knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets. It operates through three segments: Americas, Asia, and Brazil. The Americas and Asia segments primarily sell recycled and synthetic products to yarn manufacturers, knitters and weavers that produce yarn and/or fabric for the apparel, hosiery, home furnishings, automotive, industrial, medical, and other end-use markets principally in North and Central America, Asia and Europe. The Brazil Segment sells recycled and synthetic products to knitters and weavers that produce fabric for the apparel, home furnishings, automotive, industrial, and other end-use markets principally in Brazil. It offers polyester and nylon products, and recycled solutions.