US producer and processor of multi-filament polyester and nylon textured yarns Unifi, Inc. has announced that its board of directors is exploring strategic alternatives to improve shareholder value based upon its view of existing and future market conditions.

The board has instructed management to study a broad array of alternatives that would include growing the business by expanding within the textile industry, including into low-cost locations around the world, expanding in non-textile related businesses, the potential merger or sale of the company, and the restructuring of the company's outstanding indebtedness, all in an effort to take advantage of the further consolidation and integration of the textile industry.