Gildan Activewear, Inc. has completed the company’s previously announced acquisition of HanesBrands, Inc.
“Today marks the beginning of an exciting new chapter”, said Glenn Chamandy, president and CEO, Gildan Activewear, Inc. “By welcoming HanesBrands into the Gildan family, we are doubling our scale, combining iconic brands with our world-class, low-cost, vertically integrated platform, and unlocking a powerful engine for innovation and growth. Together, our complementary strengths in activewear and innerwear, across channels and geographies, position us to better serve our customers and deliver sustainable, long-term value for our shareholders.
“Our priority now is to execute a seamless, collaborative integration that enables us to fully capture the value of our expanded platform and deliver at least $200 million in run-rate cost synergies, as announced on August 13, 2025.”
Image courtesy Gildan Activewear, Inc.
