Gildan Activewear Inc. completed the acquisition of Peds Legwear Inc.
Gildan previously announced on July 27, 2016 that it had entered into an agreement to acquire 100 percent of the equity interest of Peds. The purchase price was $55 million in cash.
Peds is a marketer of foot apparel and legwear products, including ladies no-show liners, socks and sheer and
therapeutic hosiery sold mainly under the Peds and MediPeds brands to U.S. and Canadian retailers. The company
currently generates annual sales of approximately $80 million, supported by sourced production and a company-owned manufacturing and distribution facility in Hildebran, NC.
Gildan sells a wide range of T-shirts, fleece, sport shirts, underwear, socks, hosiery and shapewear. Its products are sold under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe, Anvil, Comfort Colors, Alstyle, Secret, Silks, Kushyfoot, Secret Silky, Peds, MediPeds and Therapy Plus brands. Sock products are also distributed through the company’s exclusive U.S. sock license for the Under Armour brand, and a wide array of products is also marketed through a global license for the Mossy Oak brand.
