Gildan Genuine Stewardship is driving Accountability, Sustainability and Impact every day.

May 2012

2012-05-04 16:49

Gildan Activewear Inc (GIL:TSX and NYSE) today announced that it has signed a definitive agreement to acquire 100% of the common shares of Anvil Holdings Inc. (Anvil) for a purchase price of approximately U.S. $88.0 million. “We are very pleased to have come to this agreement with Anthony Corsano (former CEO and President of Anvil) and the shareholders of Anvil ”, said Glenn Chamandy, President and CEO of Gildan. "We believe that the acquisition of Anvil and the combination of compatible cultures and strengths of our two companies will allow us to build further on the leadership position...