M&A Deal Summary

Gildan Activewear Acquires Frontier Yarns

On December 13, 2021, Gildan Activewear acquired agriculture company Frontier Yarns for 168M USD

Acquisition Highlights
  • This is Gildan Activewear’s 1st transaction in the Agriculture sector.
  • This is Gildan Activewear’s 3rd largest (disclosed) transaction.
  • This is Gildan Activewear’s 10th transaction in the United States.
  • This is Gildan Activewear’s 2nd transaction in North Carolina.

M&A Deal Summary
Date 2021-12-13
Target Frontier Yarns
Sector Agriculture
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 168M USD

Target

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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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 13 of 13
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (North Carolina) 2 of 2
Country (United States) 10 of 10
Year (2021) 1 of 1
Size (of disclosed) 3 of 12
PREVIOUS 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.

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