US-based Gildan Activewear Inc., a leading manufacturer and marketer of quality branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery, and shapewear, has completely acquired Alstyle Apparel LLC.
Earlier this month, the company announced that it had entered into an agreement to acquire 100 per cent of the equity interest of Alstyle Apparel and its subsidiaries.
Gildan, which sells its products under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe, Anvil, Comfort Colors, Alstyle brands, Secret, Silks and Therapy Plus brands, will surely benefit from this acquisition. The purchase of Alstyle Apparel will allow Gildan to further strengthen its market position.
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The company also has the US sock license for the sportswear retailer Under Armour, and licenses for the Mossy Oak and New Balance brands. Employing 42,000 people, Gildan operates vertically-integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean Basin and the United States, and are strategically positioned to efficiently service the quick replacement needs of its customers in the printwear and retail markets.
