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.
- Industry
- Consumer Products
- Location
- Quebec, Canada
- Transaction Type
- Buyout
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