Uniroyal Global Realizes New Contracts, Cost Savings after Wardle Storeys Integration; Re-Launches Brand under Uniroyal Name
Sarasota, Florida – January 10, 2017 – Uniroyal Global Engineered Products, Inc. (OTCQB: UNIR), a global provider of vinyl coated fabric products and producer of industry-leading Naugahyde, reports that after its acquisition and integration of leading UK manufacturer Wardle Storeys, the re-launch of the European brand as Uniroyal Global Limited. Wardle Storeys, located in Earby England, was targeted by Uniroyal executives because of its extensive overseas footprint, including activities in the European automotive industry, and its exceptional quality and manufacturing capabilities.
“Both Uniroyal and Wardle came to the table with a proud history of excellence, and we are delighted to have realized the anticipated positive effects of the acquisition, which has benefitted both US and global operations,” said Uniroyal CEO Howard Curd.
Since the acquisition, Uniroyal has seen significant cost savings and has unified its employees, using best practices to develop best-in-class customer relationships, lean manufacturing procedures, and common reporting systems. Sharing a world-famous design studio to present new collections, the integration will culminate in a joint presentation in March 2017 at CONEXPO.
“We are encouraged by our customers’ support of the Uniroyal Global Engineered Products acquisition of Wardle Storeys, and I can say with confidence that we have been awarded significant commercial opportunities that are contributing to our continued growth since the acquisition,” commented Mike Raines, Uniroyal Global’s European Commercial Director.
“Uniroyal Global is seen as a true global supplier in the automotive vehicle and public transportation interior markets. Our Ambla and Naugahyde lines are recognized as a world-class product of choice in the healthcare and hospitality industries, as well,” Raines said.
“Uniroyal Global plans to continue to evaluate other strategic and accretive opportunities similar to Wardle,” concluded Curd.
About Uniroyal Global Engineered Products, Inc.:
Uniroyal Global Engineered Products, Inc., (OTCQB: UNIR) through its subsidiaries, manufactures and sells vinyl coated fabrics products that have applications in the automotive and non-automotive transportation, indoor/outdoor furniture, commercial and hospitality seating, healthcare facilities, and athletic equipment primarily in North America and Europe. The company’s products in the automotive industry are used primarily in seating, door panels, head and arm rests, security shades, and trim components. Its non-automotive applications include outdoor seating for utility and sports vehicles, and sheeting used in medical, nuclear protection, personal protection, moisture barriers, pool liners, pram and nursery, movie screen, and decorative surface applications. The company offers its products primarily under the brands. The company offers its products primarily under the Naugahyde®, BeautyGard®, Spirit Millennium®, Ambla®, Velbex®, Cirroflex®, Plastolene® and Vynide®. It also offers sensor products directly to manufacturers, dealers, and end users.
Except for statements of historical fact, certain statements contained in this document are intended to constitute forward-looking statements under the securities laws, including the Private Securities Litigation Act of 1995. Such statements generally refer to the future and may, but do not necessarily, include the words “believe,” “expect,” “anticipate,” “intend,” “expect,” “should,” “planned,” “estimated” and “potential” and words of similar import. These forward-looking statements are based on Uniroyal Global Engineered Products, Inc.’s current expectations. The Company cautions investors that any forward-looking statements made by the Company are not guarantees of future performance and that a variety of factors could cause the Company´s actual results and experience to differ materially from the anticipated results or other expectations expressed in the Company´s forward-looking statements. The risks and uncertainties which may affect the operations, performance, development and results of the Company´s business include, but are not limited to, uncertainties relating to economic conditions, customer plans and commitments, the pricing and availability of equipment, materials and inventories, technological developments, performance issues with suppliers, economic growth, delays in testing of new products, the Company’s ability to successfully integrate acquired operations, the Company’s dependence on key personnel, the Company’s ability to protect its intellectual property rights, the effectiveness of cost-reduction plans, rapid technology changes and the highly competitive environment in which the Company operates. Additional risk factors that could adversely affect the Company’s performance are set forth in the Company’s latest Annual Report on Form 10-K filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
Uniroyal Global Engineered Products, Inc. Corporate Contact:
Elizabeth Henson, 941-870-3950 LHenson@uniroyalglobal.com
Uniroyal Global Engineered Products, Inc. Public Relations:
TTC Group, Inc.
Vic Allgeier, 646-290-6400 firstname.lastname@example.org