Technologia Textil Avanzada

Unifi Inc. announced that a definitive agreement could not be reached with Complast S.A. and Technologia Textil Avanzada to form a joint venture in Guatemala.

Unifi Inc. has signed a non-binding letter of intent to form a joint venture with the owners of Complast S.A. and Technologia Textil Avanzada in Guatemala. Unifi will own 51% of the JV, which will include bottle processing and polyester yarn manufacturing operations.

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.