Home / Knowledge / News / Apparel/Garments / Gildan to acquire apparel division of Ennis
Gildan to acquire apparel division of Ennis
06
May '16
Courtesy: Gildan
Courtesy: Gildan
Canadian basic family apparel supplier, Gildan Activewear has signed an agreement to acquire Alstyle Apparel, the apparel division of Ennis, for $110 million in order to further expand in the markets of US, Canada and Mexico.

Alstyle manufactures and distributes t-shirts and fleece. Its assets include large-scale textile manufacturing facility and cut-and-sew facilities in Mexico, as well as distribution centres located in the United States, Canada and Mexico.

The acquisition is expected to complement Gildan's position in western US, to enhance its market position in Mexican printwear and retail sector and to take advantage of trade agreements with South America. Additionally, Gildan will also be benefitted in logistics and input costs.

The transaction, subject to customary closing conditions, is expected to close by June 2016.

Gildan is expected to reap benefits from this acquisition by 2017 and 2018. (MCJ)

Fibre2Fashion News Desk - India


Must ReadView All

Textiles | On 23rd Sep 2017

PKR 690.65-mn budget for Pakistan Cotton Committee

The Pakistan Central Cotton Committee (PCCC) recently approved a PKR...

Textiles | On 23rd Sep 2017

India: Odisha to set up handloom, handicrafts council

The Odisha state government will set up the Handloom and Handicrafts...

Textiles | On 23rd Sep 2017

SIMA urges Centre to re-look duty drawback rates

he Southern India Mills’ Association (SIMA) has appealed to the...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Dinaz Madhukar
DLF Emporio and DLF Promenade

‘Each event and promotion is planned out keeping in mind the business of...

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search