Atlantic International Corp. Expands $11 Million Partnership with Food Production Leader, Aiming for 25% Growth and New Locations
ENGLEWOOD CLIFFS, N.J., Oct. 09, 2024 (GLOBE NEWSWIRE) — Atlantic International Corp. («Atlantic”) (OTC: ATLN), a leading provider of strategic staffing outsourced services and workforce solutions, today announced that its subsidiary Lyneer Staffing Solutions has agreed to a substantial extension of Lyneer's partnership with a premier food production company. This strategic collaboration, building on a long-term relationship with annual renewals, involves a total spend of $11 million with up to an additional 25% increase, which could bring the partnership value to approximately $13.75 million. The extension solidifies Lyneer's existing business and encompasses additional locations with the customer, representing an annual spend of $10 million. This expanded partnership marks a significant milestone in Lyneer's growth trajectory within the food production industry, reinforcing its position as a trusted workforce solutions provider.
