Repreve Maker Unifi Sells Plant for $45 Million

The company closed on selling its manufacturing facility in Madison, NC to an unidentified third-party buyer for $45.0 million, and reported it will use $25.0 million of the net proceeds to reduce the existing term loan and $18.3 million to reduce outstanding revolving loans.

EXEC: VF Q4 Profits Beat Plan as TNF and Timberland Deliver Healthy Growth

While Vans disappointed, VF Corp. saw a robust revenue performance in the fourth quarter by The North Face and Timberland while profits came in better-than-expected due to payback from its Reinvent transformation program. Outerwear as a “standout” for TNF while Timberland’s sales surged 34 percent on a currency-neutral basis in the Americas region.

RV Industry Association Hires Senior PR Manager

Mindy Smith is responsible for media monitoring and strategy development to determine what public relations campaigns and pitching strategies will yield results that create a genuine interest in the RV lifestyle.