Gildan (GIL) to Acquire Sport Shirt Supplier Anvil Holdings in $88M Deal
Tweet
Share
E-mailGet Alerts GIL Hot Sheet
Join SI Premium – FREE
Gildan Activewear Inc. (NYSE: GIL) has signed a definitive agreement to acquire 100% of the common shares of Anvil Holdings, Inc. (Anvil) for a total purchase price of approximately U.S. $88 million. The acquisition will be financed by utilization of Gildan's bank credit facility. Gildan will not assume any of Anvil's currently outstanding indebtedness.
Anvil is a supplier of high-quality basic T-shirts and sport shirts for the printwear market. It has positioned itself as a supplier of high-value branded niche products within the U.S. distributor channel, including products such as Anvil Organic, Anvil Recycled and Anvil Sustainable. It has also increasingly established itself as a strategic supplier of basic apparel products which meet rigorous quality and social compliance criteria for major non-retailer brands.
The acquisition is subject to customary closing conditions and is expected to close by the end of May.
Anvil is a supplier of high-quality basic T-shirts and sport shirts for the printwear market. It has positioned itself as a supplier of high-value branded niche products within the U.S. distributor channel, including products such as Anvil Organic, Anvil Recycled and Anvil Sustainable. It has also increasingly established itself as a strategic supplier of basic apparel products which meet rigorous quality and social compliance criteria for major non-retailer brands.
The acquisition is subject to customary closing conditions and is expected to close by the end of May.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bernstein on whether Hershey (HSY) could eventually step up to buy Mondelez (MDLZ)
- Swarmer invests in Erik Prince-led Vectus Air Defense Systems
- Holcim to acquire Fermacell from James Hardie for EUR 840M
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
