M&A Deal Summary

Gildan Activewear Acquires V.I. Prewett and Son

On September 18, 2007, Gildan Activewear acquired apparel/textiles company V.I. Prewett and Son for 125M USD

Acquisition Highlights
  • This is Gildan Activewear’s 2nd transaction in the Apparel/Textiles sector.
  • This is Gildan Activewear’s 4th largest (disclosed) transaction.
  • This is Gildan Activewear’s 2nd transaction in the United States.
  • This is Gildan Activewear’s 1st transaction in Alabama.

M&A Deal Summary
Date 2007-09-18
Target V.I. Prewett and Son
Sector Apparel/Textiles
Buyer(s) Gildan Activewear
Deal Type Add-on Acquisition
Deal Value 125M USD

Target

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.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 2 of 13
Sector (Apparel/Textiles) 2 of 12
Type (Add-on Acquisition) 2 of 13
State (Alabama) 1 of 1
Country (United States) 2 of 10
Year (2007) 1 of 1
Size (of disclosed) 4 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-20 Kentucky Derby Hosiery

Hopkinsville, Kentucky, United States

Kentucky Derby Hosiery Co. Inc. is a manufacturer of stockings, socks, and underwear for mass-market retailers in the United States.

Buy $45M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 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.

Buy $15M
Mergr

Product

Company

Legal