Gildan Activewear completed the merger with HanesBrands in a $4.4bn deal.

Gildan Activewear, a manufacturer of branded clothing, completed the merger with HanesBrands, a clothing company, in a $4.4bn deal. “With this transaction, our revenues will double and we achieve a scale that distinctly sets us apart. The combination with HanesBrands strengthens our positioning with an opportunity to expand the heritage “Hanes” brand presence in activewear across channels, while enhancing Gildan’s retail reach for its portfolio of brands. Further, our state of the art low-cost vertically integrated platform will be utilized to enhance efficiencies and drive additional innovation. We are excited for the next stage of growth and remain focused on supporting our customers and continuing to drive long term shareholder value,” Glenn J. Chamandy, Gildan President and CEO.