Gildan Activewear has acquired HanesBrands, positioning itself as a global leader in the apparel market with expected annual cost synergies of at least $200 million.

Target Information

Gildan Activewear Inc. (TSX and NYSE: GIL), a leading manufacturer of everyday basic apparel, has successfully completed the previously announced acquisition of HanesBrands Inc. This strategic acquisition positions Gildan as a global leader in the apparel market. The company’s diverse product offerings include sportswear, underwear, socks, and lingerie, catered to a wide range of clientele including wholesalers, screen printers, retailers, e-commerce platforms, and global lifestyle brands.

With a robust presence throughout North America, Europe, Asia-Pacific, and Latin America, Gildan operates with a diverse portfolio of recognized brands such as Gildan®, Hanes®, Comfort Colors®, and American Apparel®. Notably, Gildan also holds an exclusive licensing agreement for the Champion® brand in the U.S. and Canada for printed apparel. The company is committed to maintaining high standards for workforce, environmental, and governance practices across its supply chain as part of its integrated ESG program.

Industry Overview

The apparel industry, specifically in the United States, is characterized by significant competition and rapid changes in consumer preferences. As global trends shift towards sustainability and performance, companies operating within this