Gildan Completes the Acquisition of HanesBrands

Executive Summary

• Gildan Activewear Inc. announced the completion of its previously disclosed acquisition of HanesBrands Inc., creating a global apparel leader.
• The combined company expects to achieve at least $200 million in run‑rate cost synergies, as previously outlined on August 13 2025.
• Integration will focus on leveraging Gildan’s low‑cost, vertically integrated platform with HanesBrands’ iconic brands to drive growth and innovation across activewear and innerwear categories worldwide.

Key Details

• Transaction Completion: The acquisition of HanesBrands Inc. is now fully closed; all regulatory approvals have been obtained.
• Strategic Rationale: Combines Gildan’s scale and manufacturing efficiency with HanesBrands’ portfolio of well‑known brands (e.g., Hanes®, Champion® licensing) to expand market reach across North America, Europe, Asia Pacific, and Latin America.
• Synergy Target: Minimum $200 million in run‑rate cost synergies expected from integrated operations, supply chain optimization, and shared services.
• Brand Portfolio Expansion: Adds Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE™, Peds™, Bali™, Playtex™, Maidenform™, Bonds™ to Gildan’s existing lineup (Gildan®, Champion® licensing).
• Integration Plan: Immediate focus on seamless, collaborative integration; detailed integration roadmap not disclosed but emphasizes capturing value from the expanded platform.
• Leadership Quote: Glenn J. Chamandy, President & CEO, highlighted the “exciting new chapter,” doubled scale, and commitment to delivering sustainable long‑term shareholder value.

Notable Quotes

“Today marks the beginning of an exciting new chapter… By welcoming HanesBrands into the Gildan family, we are doubling our scale… and unlocking a powerful engine for innovation and growth.” – Glenn J. Chamandy, President & CEO, Gildan

All amounts are in U.S. dollars unless otherwise indicated.