Gildan Activewear Inc. completed the acquisition of Kentucky Derby Hosiery Co., Inc., effective July 6, 2006. Gildan had previously announced on June 20, 2006 that it had entered into an agreement to acquire Kentucky Derby Hosiery. The acquisition is intended to enhance and accelerate Gildan’s strategy to enter the North American retail channel as a supplier of athletic socks, underwear and activewear.
