top shadow
BODY

current news

Gildan Buys Facility For $15 Mill.


(Filed Under Financial and General Interest News). Gildan Activewear Inc. announced that it has acquired Shahriyar Fabric Industries Limited, a vertically integrated knitting, dying, finishing, cutting and sewing facility near Dhaka, Bangladesh, which produces approximately 2.2 million dozen ring-spun T-shirts per year.

Gildan purchased the facility for approximately $15 million, and plans to increase its annual production capacity to 3.5 million dozen with the goal of growing its international business throughout Asia and Europe. Gildan undertook the acquisition after searching for a major vertically integrated manufacturing hub in Asia, with an infrastructure and location to position the company as a low-cost, high-quality producer.

For further information, contact Laurence G. Sellyn, executive vice president, chief financial officer and administrative officer for Gildan Activewear, by calling (514) 343-8805, or e-mailing LSellyn@Gildan.com.


more Financial and General Interest News >>

Published 04-05-2010 by Amanda Torres Price

Related Articles

Gildan Acquires Frontier Yarns For $168 Million
Gildan Activewear Sales +3.8%, Income +13.7%
Q2 Gildan Sales Fell 3.5%, Net Income 4.7%
Gildan Buying Peds Legwear For $55 Million
Gildan Activewear Agrees To Acquire Doris
Gildan Activewear Buys T-Shirt Maker Anvil
Gildan’s 3q Profit Jumps 45%
Gildan Closes on Gold Toe Acquisition
Gildan to Acquire Gold Toe Moretz
Gildan Q1 Increase Boosted by Activewear


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow