Gildan Completes Acquisition Of HanesBrands
Gildan Activewear Inc. has completed its previously announced acquisition of HanesBrands Inc., creating one of the world’s largest apparel companies. The deal significantly expands Gildan’s portfolio by bringing together leading activewear and innerwear brands under a single, vertically integrated platform.
“Today marks the beginning of an exciting new chapter,” said Glenn J. Chamandy, President and CEO of Gildan. “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.”
Chamandy added that the combined strengths of both companies across categories, channels and global markets will enhance customer service and support long-term shareholder value. Gildan’s immediate focus, he said, is a smooth integration aimed at capturing at least US$ 200 million in run-rate cost synergies, as outlined on August 13, 2025.
