The closing of the transaction is expected to take place imminently.
New Buffalo is a leader in screenprinting and apparel decoration, which, in conjunction with Anvil and certain other apparel manufacturers, provides high-quality screenprinting and decoration of apparel for global lifestyle and athletic brands.
The rationale for the acquisition of New Buffalo is to complement the further development of Anvil’s business with the major consumer brands which it supplies, and this customer base is expected to fully utilize the capacity of the New Buffalo facilities.
Although the main focus of Gildan’s growth strategy is the continued development of its company-owned brands sold through printwear distributors and retailers, the Company believes it also has a growth opportunity to build on Anvil’s business as a supply chain partner to global consumer brands.
Such customers are increasingly seeking to consolidate their sourcing with large-scale manufacturers which are strategically located in the Western Hemisphere, which can be trusted to ensure their brand reputation for product quality and which are committed to the highest standards of corporate social responsibility in their vertical manufacturing operations.
The key management of New Buffalo, including founding entrepreneur Jon Weiss, will continue to operate the business under Gildan ownership.
Gildan is a leading supplier of quality branded basic family apparel, including T-shirts, fleece, sport shirts, socks and underwear. The Company sells its products under a diversified portfolio of Company-owned brands, including the Gildan, Gold Toe and Anvil brands and brand extensions, as well as under license agreements for the Under Armour and New Balance brands.
Textiles | On 22nd Oct 2016
The Central government is likely to extend the recently approved Rs...
Apparel/Garments | On 22nd Oct 2016
Reebok, a pioneer in the sporting goods industry, has brought sneaker ...
Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd
Increasing prices and lack of demand main issues facing industry
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Sunil Kumar Sharma
Loknayak JPNSSSG Ltd
'The blend of cotton–linen yarn has high demand in the domestic and...
Nature Works LLC
Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...
InvestKonsult Sweden AB
Investkonsult Sweden AB has been buying and selling second-hand textile...
Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...
Apparel/Garments | On 21st Oct 2016