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  6. Gildan Activewear Acquires Hanes

M&A Deal Summary

Gildan Activewear Acquires Hanes

On August 13, 2025, Gildan Activewear acquired apparel/textiles company Hanes for 4.4B USD

Acquisition Highlights
  • This is Gildan Activewear’s 13th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s largest (disclosed) transaction.
  • This is Gildan Activewear’s 11th transaction in the United States.
  • This is Gildan Activewear’s 3rd transaction in North Carolina.

M&A Deal Summary
Date 2025-08-13
Target Hanes
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 4.4B USD
Advisor(s) Goldman Sachs
Evercore Group (Financial)
Jones Day
Blake, Cassels & Graydon (Legal)

Target

Hanes

Winston-Salem, North Carolina, United States
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. Hanes was founded in 1901 and is based in Winston-Salem, North Carolina.

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Buyer(S) 1

Buyer

Gildan Activewear

Montreal, Quebec, Canada
Category Company
Founded 1946
Sector Apparel/Textiles
Employees50,000
Revenue 3.3B USD (2024)
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 14 of 14
Sector: Apparel/Textiles M&A 13 of 13
Type: Add-on Acquisition M&A Deals 14 of 14
State: North Carolina M&A 3 of 3
Country: United States M&A 11 of 11
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Frontier Yarns

Sanford, North Carolina, United States

Frontier Yarns is a producer of 100% cotton, polyester, and cotton blend yarns primarily manufactured on open-end and vortex spinning technology. Frontier Yarns is based in Sanford, North Carolina.

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