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New Deal


Announced

Completed

Gildan Activewear completed the acquisition of Frontier Yarns for $168m.

Financials

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Transaction Value£126m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Textile Products

Majority

Private

Single Bidder

Completed

Friendly

Acquisition

cotton farm

Cross Border

Synopsis

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Gildan Activewear, a manufacturer of everyday basic apparel, completed the acquisition of Frontier Yarns, a producer of 100% cotton, polyester, and cotton blend yarns, for $168m. “As a long-time trusted yarn supplier of Gildan, with a dedicated and experienced workforce, we are delighted to welcome Frontier into the Gildan family. In line with our business model of investing in global manufacturing, the acquisition of Frontier’s operations broadens and complements our existing yarn capabilities and provides additional yarn capacity to support long-term growth," Glenn Chamandy, Gildan President and CEO.

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