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Investcorp agress to acquire Polyconcept
July 2016 – Polyconcept, parent company of Polyconcept North America, has announced that it be acquired by an investment group led by private equity firm Charlesbank Capital Partners.
“Charlesbank is an ideal partner for Polyconcept, and I am looking forward to the opportunities that we will have to grow with them,” David Nicholson, president of Polyconcept North America, said in a statement. “We anticipate the transition to be seamless for both our customers and our employees.”
Polyconcept’s management will remain unchanged, and will put in equity along with Charlesbank and other investors to finance the transaction. Terms of the agreement were not disclosed. The sale is expected to close later in this year’s third quarter.
Gildan Invests in Young Talent through Sponsorship of Jeux du Quebec
July 2016 – Gildan Activewear Inc. is proud to announce its sponsorship of the Jeux du Québec’s 51st final – Montreal 2016.
Gildan is supporting the games through merchandise and a financial donation to the Fondation des Jeux du Québec. As part of Gildan’s sponsorship of the games, the Company has been running an in-store promotion within two large pharmacy chains. With every package of Gildan underwear or Secret hosiery sold, Gildan will donate 50 cents to the Fondation de Jeux de Québec, which supports aspiring young Quebec athletes.