M&A Deal Summary

Gildan Activewear Acquires Shahriyar Fabric Industries

On March 31, 2010, Gildan Activewear acquired apparel/textiles company Shahriyar Fabric Industries for 15M USD

Acquisition Highlights
  • This is Gildan Activewear’s 3rd transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 12th largest (disclosed) transaction.
  • This is Gildan Activewear’s 1st transaction in Bangladesh.

M&A Deal Summary

Date 2010-03-31
Target Shahriyar Fabric Industries
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 15M USD

Target

Shahriyar Fabric Industries

Dhaka, Bangladesh
Shahriyar owns and operates a vertically-integrated knitting, dying, finishing, cutting and sewing facility for the manufacture of high-quality ring-spun T-shirts near Dhaka, Bangladesh, with annual T-shirt production capacity of 2.2 million dozens.

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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 3 of 14
Sector: Apparel/Textiles M&A 3 of 13
Type: Add-on Acquisition M&A Deals 3 of 14
Country: Bangladesh M&A 1 of 1
Year: 2010 M&A 1 of 1
Size (of disclosed) 12 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-18 V.I. Prewett and Son

Fort Payne, Alabama, United States

V.I. Prewett and Son, Inc. is a large U.S. private label supplier of basic family socks to U.S. mass-market retailers, which is located in Fort Payne, Alabama.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-11 Gold Toe Moretz Holdings

North Carolina, United States

Gold Toe Moretz is a supplier of high-quality branded athletic, casual and dress socks for mass-market retailers, national chains, price clubs, department stores and specialty sporting goods stores in the U.S. Gold Toe Moretz’s companyowned brands include the iconic Gold Toe® brand, as well as the Silver Toe®, GT®, Auro®, PowerSox® and All Pro® brands. Gold Toe Moretz is also the exclusive U.S. licensee for Under Armour® and New Balance® branded socks. The majority of the purchase price will be represented by intangible assets, including the value of these brands.

Buy $350M