M&A Deal Summary

Hanes Acquires Pacific Brands

On April 27, 2016, Hanes acquired consumer products company Pacific Brands for 800M USD

Acquisition Highlights
  • This is Hanes’ 1st transaction in the Consumer Products sector.
  • This is Hanes’ largest (disclosed) transaction.
  • This is Hanes’ 1st transaction in Australia.

M&A Deal Summary
Date 2016-04-27
Target Pacific Brands
Sector Consumer Products
Buyer(s) Hanes
Deal Type Add-on Acquisition
Deal Value 800M USD

Target

Pacific Brands

Richmond, Australia
website
Pacific Brands is a provider in underwear, footwear, and sports equipment predominantly sourced from China, and bedding manufactured in Australia. Well known brands include Bonds, Berier, Holeproof, Grosby, Clarks, Malvern Star, Dunlop and Slazenger.

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Buyer(S) 1

Buyer

Hanes

Winston-Salem, North Carolina, United States

website

Category Company
Founded 1901
Sector Apparel/Textiles
Employees50,000
Revenue 6.2B USD (2022)
DESCRIPTION
Entrance to Hanesbrands' corporate headquarters in Winston-Salem, North Carolina.
Entrance to Hanesbrands' corporate headquarters in Winston-Salem, North Carolina.

Hanes is a consumer goods company with a portfolio of apparel brands, including Hanes, Champion, C9 by Champion, Bali, Playtex, Just My Size, L’eggs, barely there, Wonderbra, Gear for Sports, Zorba, Sol y Oro and Rinbros. Hanesbrands designs, manufactures, sources and sells a broad range of basic apparel such as T-shirts, bras, panties, men’s underwear, kids’ underwear, casualwear, activewear, socks and hosiery. Hanesbrands was formed in 2005 and spun-off from Sara Lee Corp. in 2006. Hanes was founded in 1901 and is basd in Winston-Salem, North Carolina.

DEAL STATS #
Overall 7 of 9
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 7 of 9
Country (Australia) 1 of 2
Year (2016) 2 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-07 Champion Europe

Carpi, Italy

Champion Europe S.p.A designs, sources and sells champion athletic apparel wholesale to retailers and directly to consumers via company-owned retail stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-18 Alternative Apparel

Norcross, Georgia, United States

Alternative Apparel, Inc. is a fast growing designer, marketer and distributor of premium, apparel. The Company's high quality products include a variety of fashion forward, basic apparel including T-shirts, casual shirts, tops, headwear and other everyday apparel and accessories for women, men and children.

Buy USD60M
Mergr

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Company

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