Gildan Activewear Acquires Peds Legwear Inc.

July 27, 2016

Gildan Activewear Inc. has signed a definitive agreement to acquire 100% of Peds Legwear Inc. for $55 million in cash. The acquisition adds the Peds and MediPeds brands, a North Carolina manufacturing and distribution facility, and roughly $80 million in annual sales to Gildan’s apparel portfolio, enabling broader distribution and access to the footwear channel.

Buyers
Gildan Activewear Inc.
Targets
Peds Legwear Inc.
Location
Quebec, Canada
Transaction Type
Buyout

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