M&A Deal Summary

Gildan Activewear Acquires Peds Legwear

On July 27, 2016, Gildan Activewear acquired apparel/textiles company Peds Legwear for 55M USD

Acquisition Highlights
  • This is Gildan Activewear’s 11th transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 9th largest (disclosed) transaction.
  • This is Gildan Activewear’s 2nd transaction in Canada.
  • This is Gildan Activewear’s 2nd transaction in Quebec.

M&A Deal Summary
Date 2016-07-27
Target Peds Legwear
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 55M USD

Target

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.

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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 11 of 13
Sector (Apparel/Textiles) 11 of 12
Type (Add-on Acquisition) 11 of 13
State (Quebec) 2 of 2
Country (Canada) 2 of 2
Year (2016) 2 of 2
Size (of disclosed) 9 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-04 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.

Buy $110M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Swift Spinning

Columbus, Georgia, United States

Swift Spinning is a producer of carded and combed ring spun yarn. Swift serves the hosiery, knitting and weaving markets. Swift Spinning was founded in 1906 and is based in Columbus, Georgia.

Buy -
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