Topic: How To Invest

Spinoffs & Takeovers Hotline – Thursday, December 23, 2021

Article Excerpt

GILDAN ACTIVEWEAR INC., $52.21, symbol GIL on Toronto, is a major global producer of basic apparel. Its product offerings include activewear, underwear, socks, hosiery, and legwear. These are sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms, and to global lifestyle brand companies. Gildan sells its products under a diversified portfolio of brands, including Gildan, American Apparel, Comfort Colors, Gildan Hammer, Prim + Preux, GoldToe, Anvil by Gildan, Alstyle, Secret, Silks, Secret Silky, Therapy Plus, Peds and MediPeds, and under the Under Armour brand through a sock licensing agreement providing exclusive distribution rights in the U.S. and Canada. Based in Montreal, Gildan has 25 company-owned manufacturing facilities worldwide, primarily in Central America, the Caribbean, North America, and Bangladesh. To bring more of the company’s yarn production in-house, Gildan announced on December 13, 2021, that it has acquired Phoenix Sanford LLC, the parent company…