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 4th 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
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 13 of 14
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 13 of 14
State: North Carolina M&A 2 of 3
Country: United States M&A 10 of 11
Year: 2021 M&A 1 of 1
Size (of disclosed) 4 of 13
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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-08-13 Hanes

Winston-Salem, North Carolina, United States

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.

Buy $4.4B