Atlantic International Corp. Partners with Major Home Goods Distributor
Atlantic International Corp. (NASDAQ: ATLN), a prominent provider of staffing and workforce solutions, has taken a significant step forward through its subsidiary, Lyneer Staffing Solutions. This dynamic company has recently secured a major staffing contract with a top global distributor that specializes in home goods. With a rich portfolio ranging from household essentials to well-recognized brands, this distributor has a robust presence in leading retailers around the world.
Details of the Contract
The newly formed partnership will primarily initiate staffing solutions at one of the distributor's crucial U.S. distribution centers, paving the way for approximately 150 new employment opportunities. As the relationship flourishes and performance metrics are met, there is potential for this collaboration to extend to additional facilities. The contract has an impressive projected revenue of up to $15 million annually, underscoring the scale and importance of this agreement.
Statements from Company Leadership
Todd McNulty, the CEO of Lyneer Staffing Solutions, expressed excitement about the partnership, stating, "This contract marks a critical milestone for us. It highlights our capabilities in delivering effective workforce solutions to major firms in the industry. Our established reputation for reliable staffing services aligns seamlessly with our client's dedication to operational superior quality."
Jeffrey Jagid, CEO of Atlantic, echoed these sentiments, pointing out the strategic importance of the partnership. He shared his thoughts on how this endeavor exemplifies their growth strategies and a commitment to enhancing their presence in key marketplaces. "The potential for scaling across more locations offers thrilling prospects for both our organizations and showcases the value that our services provide,” said Jagid.
Acknowledging the Staffing Industry
This agreement further strengthens Lyneer’s position as a dedicated partner in the staffing realm, showcasing the company's adeptness in providing scalable workforce solutions tailored for fast-paced, high-growth enterprises. The launch of this new staffing initiative is set to commence in December 2024, marking the beginning of what hopes to be a prosperous collaboration.
About Atlantic International Corp.
Atlantic International Corp. is recognized as a leader in staffing and outsourcing services, committed to a high-growth trajectory. Its main operating subsidiary, Lyneer Investments LLC, boasts approximately 300 employees who, in the last twelve months, generated more than $400 million in revenue through innovative staffing solutions. According to industry reports, Atlantic is listed among the top 20 national staffing firms servicing various sectors, including light industrial and commercial verticals.
With a robust framework, Atlantic runs 40 independent on-site and vendor-on-premises facilities while ensuring timely remuneration for over 12,000 employees on a weekly basis, demonstrating its capability in providing comprehensive HR solutions.
Contact Information
For additional details regarding Atlantic International Corp., please reach out to:
Investor Relations Contact
Kale Fein
kfein@atlantic-international.com
+1 (213) 915-6414
Frequently Asked Questions
What is the nature of the contract Atlantic International Corp. secured?
Atlantic International Corp. secured a staffing contract with a leading global distributor of home goods, focusing on flexible workforce solutions.
How many job opportunities will be created through this partnership?
The contract will create up to 150 new job opportunities initially, with potential future expansions.
What is the expected revenue from this contract?
The total expected revenue from this partnership could reach up to $15 million annually.
When will the new staffing contract be implemented?
Implementation of the new staffing contract is planned to begin in December 2024.
Where can I find more information about Atlantic International Corp.?
More information about Atlantic International Corp. can be found on their official website.
