Gildan Activewear Announces Agreement to Acquire Alstyle Apparel
May 2016 – Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) announced that it has agreed to acquire Alstyle Apparel for a total cash purchase price of $110 million (all figures U.S.).
The acquisition is expected to close before the end of June 2016 and immediately expands Gildan’s penetration in printwear markets in the U.S., Canada and Mexico and broadens and complements Gildan’s position in the Western United States where Alstyle has a strong presence. The acquisition will also allow Gildan to enhance its competitive positioning in the Mexican printwear and retail markets.
Next Level Apparel now available at Catalyst Group
April 2016 – Catalyst Group is proud to announce the distribution of Next Level Apparel in Canada! Product is available now, shipping to Canadian customers from Catalyst Group’s Mississauga, ON distribution centre.
“This is an exciting time for Catalyst Group as we expand our portfolio of products offered to the Canadian marketplace. We are committed to offering great brands and exceptional product choices, such as Next Level Apparel, to our customers,” said Robyn Tomlins, Director of Sales & Merchandising for Catalyst Group.
Next Level Apparel features innovative fabrics, an outstanding colour palette, a full spectrum of fits and a diversity of styles. For more information please visit www.CatalystGroupBrands.com or contact CGfirstname.lastname@example.org or 1-800-919-8322.
HanesBrands To Acquire Champion Europe
April 2016 – HanesBrands announced it will be acquiring Champion Europe, which owns the trademark for the Champion brand in Europe, Africa and the Middle East. The move, which is expected to be finalized in the middle of the 2016, brings all of Champion’s global presence directly under the control of HanesBrands.
Hanes pay 10 times the worth of Champion Europe’s EBITDA this year, putting the purchase price at roughly 200 million euros ($228 million). The company said that Champion Europe expects 2016 net sales of more than 190 million euros ($216 million) with operating profit of approximately 15 million euros ($17 million). “Like all of our acquisitions, we are able to justify Champion Europe based solely on the expected cost synergies, which in this case will come almost entirely from supply chain synergies, Hanes said, in an FAQ available to investors.