Gildan Completes Acquisition of HanesBrands, Expands Global Apparel Leadership

Gildan Activewear Inc. has completed the acquisition of HanesBrands Inc., creating a global apparel leader. The acquisition doubles Gildan's scale and combines iconic brands with its low-cost, vertically integrated platform, positioning the company to better serve customers and deliver sustainable, long-term value. Gildan expects to capture $200 million in run-rate cost synergies and has a strong commitment to industry-leading labor, environmental, and governance practices throughout its supply chain.