M&A Deal Summary

Gildan Activewear Acquires Comfort Colors

On February 4, 2015, Gildan Activewear acquired apparel/textiles company Comfort Colors for 100M USD

Acquisition Highlights
  • This is Gildan Activewear’s 9th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 6th largest (disclosed) transaction.
  • This is Gildan Activewear’s 7th transaction in the United States.
  • This is Gildan Activewear’s 1st transaction in Vermont.

M&A Deal Summary
Date 2015-02-04
Target Comfort Colors
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 100M USD

Target

Comfort Colors

Northfield, Vermont, United States
Comfort Colors markets its products under the Comfort Colors brand, which is one of the most recognized brands among consumers purchasing from college bookstores, specialty retail stores, destination and resort shops. Comfort Colors purchases prepared-for-dye garments from third-party vendors, including Gildan. The garments are subsequently treated through a customized in-house dyeing process, giving the shirts a trendy distressed or worn look and a soft and a comfortable feel. Comfort Colors is headquartered in Northfield, Vermont and has dyeing, packaging and distribution operations in facilities in Northfield, Vermont and New Bedford, Massachusetts.

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Buyer(S) 1

Buyer

Gildan Activewear

Montréal, Quebec, Canada

website

Category Company
Founded 1946
Sector Apparel/Textiles
Employees46,000
Revenue 3.2B USD (2022)
DESCRIPTION

Gildan Activewear is a manufacturer and marketer of branded clothing, including undecorated blank activewear such as t-shirts, sport shirts and fleeces, which are subsequently decorated by screen printing companies with designs and logos. Gildan Activewear was founded in 1946 and is based in Montreal, Canada.

DEAL STATS #
Overall 9 of 13
Sector (Apparel/Textiles) 9 of 12
Type (Add-on Acquisition) 9 of 13
State (Vermont) 1 of 1
Country (United States) 7 of 10
Year (2015) 1 of 1
Size (of disclosed) 6 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-19 Doris

Montreal, Quebec, Canada

Doris, Inc. is a marketer and manufacturer of branded sheer hosiery, legwear and shapewear products to retailers in Canada and the United States. Doris is the third largest marketer of branded ladies legwear in North America and the market leader in Canada, with products sold throughout all retail channels of distribution. Its company-owned brands include Secret®, one of the most recognized sheer pantyhose brands and a growing brand for shapewear in Canada, the Silks® brand, and TherapyPlus®, which provides therapeutic legwear solutions for medical conditions and everyday activities.

Buy CA$110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 Alstyle Apparel

Anaheim, California, United States

Alstyle manufactures and markets activewear products such as T-shirts and fleece, the majority of which are sold under the Alstyle brand. Alstyle sells its products to screenprinters, embellishers and mass-marketers largely in the U.S., as well as in Canada and Mexico. Its manufacturing and distribution operations include a large-scale textile manufacturing facility and cut and sew facilities in Mexico, as well as distribution centers located in the United States, Canada, and Mexico.

Buy $110M
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