Unifi Sells Stake in Parkdale

Unifi, Inc. (USA) has announced that its completed the sale of its 34% interest in Parkdale America, LLC.  The stake was sold back to Parkdale in an all-cash transaction for $60.0 million.

  • Net sales for the company’s  third quarter ending March 30, were $171.0 million , down 5.0%, compared to $180.0 million for the third quarter of the previous year.
  • Operating income was $3.1 million, compared to $0.8 million a year ago.

 

NEWSWIRE

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