Hanesbrands Inc. has completed its US $ 200 million purchase of Knights Apparel Inc. from a private-equity group. With the addition of Knights Apparel, Hanesbrands projects annualized sales of licensed and graphic apparel of more than US $ 450 million with significant growth potential for college licensed brands. Richard Noll, Hanesbrands’ Chairman and Chief Executive said, “The acquisition of Knights Apparel is an excellent value-creating opportunity for our growing activewear segment and our shareholders. We are eager to begin the integration of Knights Apparel to take advantage of our existing Gear for Sports licensed collegiate apparel business, our expertise and size in the mass retail channel, and our low-cost global supply chain.”
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