Hanes - M&A Summary and Business Overview

Apparel/textilesCompany

Hanes M&A Summary

Hanes has acquired 10 companies. A total of 5 acquisitions came from private equity firms. It has also divested 1 asset.

Hanes’ largest acquisition to date was in 2016, when it acquired Pacific Brands for $800M. Hanes has acquired in 4 different US states, and 5 countries. The Company’s most targeted sectors include apparel/textiles (78%) and retail (12%).

Hanes Business Overview

Where is Hanes headquartered?

Hanes is headquartered in Winston-Salem, North Carolina.

What is Hanes’ revenue?

Hanes disclosed revenue of 6,234M USD for 2022 and 6,801M USD for 2021.

How many employees does Hanes have?

Hanes has 50,000 employees.

What sector is Hanes in?

Hanes is an apparel/textiles company.

When was Hanes founded?

Hanes was founded in 1901.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity9
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

Hanes

Hanesbrands, Inc.

1000 East Hanes Mill Road,
Winston-Salem, North Carolina 27105
United States,
(336) 519-8080
www.hanes.com

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.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $2.6B $2.6B
Sell (0.2/yr) # - - - 1 - - 1
  10

Most Recent M&A

Company Date Value Type
DIM Brands International 2022-03-09 - Divestiture
Rueil-Malmaison, France · www.dim.com
Bras N Things 2018-02-13 400M USD Add-on Acquisition
Alexandria, Australia · global.brasnthings.com
Alternative Apparel, Inc. 2017-10-18 - Add-on Acquisition
Norcross, Georgia · www.alternativeapparel.com
Pacific Brands Ltd. 2016-04-27 800M USD Add-on Acquisition
Richmond, Australia · www.pacificbrands.com.au
Champion Europe S.p.A 2016-04-07 - Add-on Acquisition
Carpi, Italy · www.champion-eu.com
Knights Apparel, Inc. 2015-02-24 200M USD Add-on Acquisition
Spartanburg, South Carolina · www.knightsapparel.com
DBApparel SA 2014-06-25 550M USD Add-on Acquisition
Rueil-Malmaison, France · www.dbapparel.com
Maidenform Brands, Inc. 2013-10-07 583M USD Add-on Acquisition
Iselin, New Jersey · www.maidenform.com
Gear For Sports, Inc. 2010-11-01 55M USD Add-on Acquisition
Lenexa, Kansas · www.gearforsports.com
Industrias Duraflex S.A. de C.V. 2007-08-30 - Add-on Acquisition
San Salvador, El Salvador
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Pacific Brands Ltd. 2016-04-27 Dunlop Flooring Pty Ltd. 2016-12-14 1
Richmond, Australia · www.pacificbrands.com.au North Sunshine, Australia · www.dunlopflooring.com.au

M&A by Sector

Sector Buy # Value Sell # Value
Apparel/Textiles 7 (78%) 1.4B (54%) 1 (100%) -
Consumer Products 1 (11%) 800M (31%) - -
Retail 1 (11%) 400M (15%) - -
Total 9 $2.6B 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 838M - -
  South Carolina 1 200M - -
  New Jersey 1 583M - -
  Kansas 1 55M - -
  Georgia 1 - - -
Australia 2 1.2B - -
France 1 550M 1 -
El Salvador 1 - - -
Italy 1 - - -
Domestic 4 (44%) 838M (32%) - -
Cross-border 5 (56%) 1.8B (68%) 1 (100%) -
Total 9 $2.6B 1 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Goldman Sachs
 1
Legal Deals
King & Spalding LLP
 1
Cleary Gottlieb Steen & Hamilton
 1

Deal Values

buy # Total
$100M to $1B 5 $2.5B
< $100M 1 $55M
TOTAL $2.6B
Largest Pacific Brands Ltd.
$800M (2016-04-27)

M&A Connections

Deals
Acquired from
Investor(s)
44%
4 (44%)
Divested to
Investor(s)
100%
1 (100%)

Company Summary

SECTOR

Apparel/Textiles

Revenue

6,234   9% 2022
6,801   3% 2021
6,664   5% 2020
6,967   3% 2019
6,804   6% 2018
6,471   13% 2017
6,028   14% 2016
5,325   2015
4,627   3% 2013
4,525   2012
(millions of USD) Show More Show Less

Employees

50,000

Established

1901

Public

NYSE: HBI

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