Delta Apparel, a vertically-integrated, international apparel company that designs, manufactures, sources, and markets a diverse portfolio of core activewear and lifestyle apparel products under the primary brands of Salt Life, Soffe, and Delta, has officially notified the U.S. Securities and Exchange Commission (SEC) that it will be closing DTG2Go, a worldwide on-demand direct-to-garment apparel printing and fulfillment network. Delta ceased all production operations related to DTG2Go on June 13.
The filing states: “The DTG2Go exit plan provides for a reduction of the company’s workforce by approximately 115 employees. In connection with the DTG2Go exit plan, the company expects to permanently close its DTG2Go facility in Storm Lake, Iowa, in addition to printing facilities within certain distribution centers devoted to the Delta Group operating segment located in Cranbury, New Jersey; Fayetteville, North Carolina; Phoenix, Arizona; LaVergne, Tennessee; and Miami, Florida.”
Delta Apparel has also announced that it received notification from NYSE Regulation that NYSE Regulation has initiated proceedings to delist the Company’s common stock from the NYSE American.
Trading of the Company’s common stock has been suspended, effective July 1, 2024, and the Company does not intend to appeal NYSE Regulation’s determination, according to a release.
