M&A Deal Summary

Gildan Activewear Acquires Doris

On June 19, 2014, Gildan Activewear acquired apparel/textiles company Doris for 110M CAD

Acquisition Highlights
  • This is Gildan Activewear’s 8th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 7th largest (disclosed) transaction.
  • This is Gildan Activewear’s 1st transaction in Canada.
  • This is Gildan Activewear’s 1st transaction in Quebec.

M&A Deal Summary
Date 2014-06-19
Target Doris
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 110M CAD

Target

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.

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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 8 of 13
Sector (Apparel/Textiles) 8 of 12
Type (Add-on Acquisition) 8 of 13
State (Quebec) 1 of 2
Country (Canada) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 7 of 12
PREVIOUS 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
FOLLOWING 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
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