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

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.