Gildan Activewear has completed its acquisition of HanesBrands, marking a major turning point for the Canadian manufacturer as it moves to expand its global footprint across the activewear and innerwear categories. The deal, finalised on 1st December 2025, significantly boosts Gildan’s scale and strengthens its competitive position in key international markets.
Glenn J. Chamandy, President and Chief Executive Officer of Gildan, characterised the acquisition as a transformative development for the group. He said the transaction brings together “two portfolios of widely recognised brands” and aligns them with Gildan’s vertically integrated, low-cost manufacturing model. According to him, the enlarged organisation would serve as a “powerful engine for innovation and growth”, supporting improved customer service and delivering long-term value for shareholders.
Gildan said its near-term focus will be on ensuring a seamless integration of HanesBrands’ operations. The company reiterated its expectation of achieving at least US $ 200 million in run-rate cost synergies, a target first set out when the deal was announced in August 2025. These savings are set to come from supply chain consolidation, optimised production networks and greater efficiencies across shared regional operations.
One of the world’s largest manufacturers of everyday apparel, Gildan supplies activewear, underwear, socks and intimates to retailers, wholesalers, screenprinters and e-commerce channels. Its extensive brand portfolio includes Gildan, Hanes, Comfort Colors, American Apparel, AllPro, GoldToe, Peds, Bali, Playtex, Maidenform, Bonds and Champion, the latter held under an exclusive printwear licence in the United States and Canada.
With vertically integrated facilities across Central America, the Caribbean, North America and Asia, the company said it remains committed to strong labour, environmental and governance standards as a core pillar of its long-term ESG strategy.
