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Gildan acquires Alstyle Apparel
27
May '16
Courtesy- Gildan Activewear
Courtesy- Gildan Activewear
Gildan Activewear, a leading manufacturer of high quality branded apparel has acquired Alstyle Apparel, manufacturer of high quality apparel for adults, juniors and youth. Gildan has acquired 100 per cent of the equity interest of Alstyle Apparel and its subsidiaries effective May 26, 2016.

Gildan sells its t-shirts, fleece, sport shirts, innerwear, socks, hosiery, and shapewear products under a diversified portfolio of company-owned brands, including the Gildan, Gold Toe, Anvil, Comfort Colors, Alstyle, Secret, Silks and Therapy Plus brands.

Alstyle manufactures and markets activewear products such as t-shirts and fleece, the majority of which are sold under the Alstyle brand. The acquisition of Alstyle expands Gildan's penetration in activewear and printwear markets in the US, Canada and Mexico. The acquisition will also allow Gildan to enhance its competitive positioning in the Mexican printwear and retail markets. (NA)

Fibre2fashion News Desk - India

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