Gildan completes acquisition of HanesBrands

Gildan Activewear Inc. (NYSE: GIL) completed its acquisition of HanesBrands Inc., the company announced. The transaction creates what Gildan describes as a global apparel leader combining both companies' operations.

The acquisition doubles Gildan's scale and combines brands across activewear and innerwear categories. Gildan expects to achieve at least $200 million in run-rate cost synergies from the combined operations, according to targets previously announced on August 13, 2025.

"By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform," said Glenn J. Chamandy, President and Chief Executive Officer of Gildan.

The combined company's brand portfolio now includes Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, and Bonds, as well as Champion under an exclusive licensing agreement for the printwear channel in the U.S. and Canada.

Gildan operates vertically integrated manufacturing facilities primarily located in Central America, the Caribbean, North America, and Asia. The company sells products to wholesale distributors, screenprinters, embellishers, retailers, e-commerce platforms, and global lifestyle brand companies across North America, Europe, Asia Pacific, and Latin America.

The information was provided in a company press release statement.

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