Unifi signs letter of intent for joint venture in Guatemala

Unifi, Inc. signed a non-binding letter of intent to form a joint venture in Guatemala with the owners of Complast S.A. and Technologia Textil Avanzada (TTA). Unifi would own 51% and the existing owners 49%, continuing recycling, spinning and texturing operations.

“The growth in the region is key to our strategy of building our REPREVE® and other value-added brands.”investor.unifi.com

• 3 sources
• investor.unifi.comUnifi signs a Letter of Intent to form Joint Venture in Guatemala | UNIFI, Inc.Aug 1, 2017
• textileworld.comUnifi Signs A Letter Of Intent To Form Joint Venture In Guatemala | Textile WorldJim BornemanAug 2, 2017
• wwd.comUnifi Inks Joint Venture in Guatemala as Central American Sourcing GrowsArthur FriedmanAug 2, 2017

Summarized from public sources; check the original articles before acting on it.