Business
Gildan Completes the Acquisition of HanesBrands
(all amounts are in U.S. dollars except where otherwise indicated) MONTREAL, Dec. 01, 202...
About this update from Gildan Activewear Inc.
[{"type":"text","content":"Gildan Completes the Acquisition of HanesBrands \n\n\n\n\n (all amounts are in U.S. dollars except where otherwise indicated)\n \n\n\n\n MONTREAL, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that it has completed the previously announced acquisition of HanesBrands Inc. (“HanesBrands”), creating a global apparel leader.\n \n\n “Today marks the beginning of an exciting new chapter. By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform, and unlocking a powerful engine for innovation and growth. Together, our complementary strengths in activewear and innerwear, across channels and geographies, position us to better serve our customers and deliver sustainable, long-term value for our shareholders”, said Glenn J. Chamandy, President and Chief Executive Officer of Gildan. “Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200 million in run-rate cost synergies, as announced on August 13, 2025.”\n \n\n\n About Gildan\n \n\n\n Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan\n \n ®\n \n , Hanes\n \n ®\n \n , Comfort Colors\n \n ®\n \n , American Apparel\n \n ®\n \n , ALLPRO™, GOLDTOE\n \n ®\n \n , Peds\n \n ®\n \n , Bali\n \n ®\n \n , Playtex\n \n ®\n \n , Maidenform\n \n ®\n \n , Bonds\n \n ®\n \n , as well as Champion\n \n ®\n \n which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada.\n \n\n Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North A...