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The consolidation will begin immediately and is scheduled to be completed in the first quarter of fiscal year 2014. The company expects to realize annual savings of approximately $1.5 million once the consolidation is complete. The aggregate costs associated with this transition are expected to be approximately $1.5 million, of which $0.4 million is being expensed in the company's fiscal year 2013 fourth quarter and the remainder in the fiscal year 2014 first quarter.
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- Companies:
- Delta Apparel
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- Soffe
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