Gildan Activewear has completed its previously announced acquisition of HanesBrands, creating a global leader in basic apparel across activewear and innerwear.
Chief executive Glenn J Chamandy said the deal doubles Gildan’s scale and will drive at least $200 million in run-rate cost synergies.
The combined group will review processes and supplier agreements in the coming weeks.Gildan Activewear has completed its previously announced acquisition of HanesBrands, creating a global leader in basic apparel across activewear and innerwear.
Chief executive Glenn J Chamandy said the deal doubles Gildan’s scale and will drive at least $200 million in run-rate cost synergies.
The combined group will review processes and supplier agreements in the coming weeks.
Canada’s Gildan completes acquisition of HanesBrands
