M&A Deal Summary

Gildan Activewear Acquires Alstyle Apparel

On May 4, 2016, Gildan Activewear acquired apparel/textiles company Alstyle Apparel for 110M USD

Acquisition Highlights
  • This is Gildan Activewear’s 10th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 5th largest (disclosed) transaction.
  • This is Gildan Activewear’s 8th transaction in the United States.
  • This is Gildan Activewear’s 1st transaction in California.

M&A Deal Summary
Date 2016-05-04
Target Alstyle Apparel
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 110M USD

Target

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.

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Buyer(S) 1

Buyer

Gildan Activewear

Montreal, Quebec, Canada
Category Company
Founded 1946
Sector Apparel/Textiles
Employees44,000
Revenue 3.2B USD (2023)
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 incorporated in 1946 and is based in Montreal, Quebec.

DEAL STATS #
Overall 10 of 13
Sector (Apparel/Textiles) 10 of 12
Type (Add-on Acquisition) 10 of 13
State (California) 1 of 1
Country (United States) 8 of 10
Year (2016) 1 of 2
Size (of disclosed) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-04 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.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-27 Peds Legwear

Montreal, Quebec, Canada

Peds is a marketer of quality 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 state-of-the-art manufacturing and distribution facility in Hildebran, North Carolina.

Buy $55M
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