Unifi, Inc. (NYSE:UFI) will look for mergers and acquisitions (M&A). During the second quarter 2021 earnings conference call, Edmund Ingle, Chief Executive Officer, said that “going forward, we will continue to focus on partnering with global brand leaders that want to position themselves using sustainable products, innovating and repositioning the business to drive long-term organic growth, diligent cost management initiatives to drive gross margin improvements and maintaining our strong financial position and strong balance sheet to expand our growth opportunities through strategic M&A”.
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.