M&A Deal Summary

Gildan Activewear Acquires Anvil Holdings

On May 3, 2012, Gildan Activewear acquired apparel/textiles company Anvil Holdings for 88M USD

Acquisition Highlights
  • This is Gildan Activewear’s 6th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 7th largest (disclosed) transaction.
  • This is Gildan Activewear’s 5th transaction in the United States.
  • This is Gildan Activewear’s 2nd transaction in New York.

M&A Deal Summary
Date 2012-05-03
Target Anvil Holdings
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 88M USD

Target

Anvil Holdings

New York, New York, United States
Anvil is a supplier of high-quality basic T-shirts and sport shirts for the printwear market. It has positioned itself as a supplier of high-value branded niche products within the U.S. distributor channel, including products such as Anvil Organic®, Anvil Recycled® and Anvil Sustainable®. It has also increasingly established itself as a strategic supplier of basic apparel products which meet rigorous quality and social compliance criteria for major non-retailer brands.

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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 6 of 13
Sector (Apparel/Textiles) 6 of 12
Type (Add-on Acquisition) 6 of 13
State (New York) 2 of 3
Country (United States) 5 of 10
Year (2012) 1 of 1
Size (of disclosed) 7 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-12 GoldToe-Moretz

Newton, New York, United States

Gold Toe-Moretz manufactures a broad portfolio of branded, licensed and private-label socks. Two of the hosiery industry’s leading companies, Gold Toe Investment Corp. and Moretz Inc., will combine in a transaction announced today, creating one of the largest global sock companies.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-18 New Buffalo Shirt Factory

Clarence, New York, United States

New Buffalo is a screenprinting and apparel decoration, which, in conjunction with Anvil and certain other apparel manufacturers, provides high-quality screenprinting and decoration of apparel for global lifestyle and athletic brands. The rationale for the acquisition of New Buffalo is to complement the further development of Anvil’s business with the major consumer brands which it supplies, and this customer base is expected to fully utilize the capacity of the New Buffalo facilities.

Buy $7M
Mergr

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