Gildan finalizes purchase of HanesBrands

Montreal, December 1, 2025 – Gildan Activewear Inc. (GIL: TSX and NYSE) has successfully finalized the acquisition of HanesBrands Inc., marking a significant milestone in the company’s growth trajectory.

Glenn J. Chamandy, Gildan’s President, and CEO, expressed enthusiasm for this development, stating, “Today marks the beginning of an exciting new chapter for Gildan. The integration of HanesBrands into our operations represents a doubling of our scale and the fusion of iconic brands with our renowned, cost-effective, vertically integrated platform. This union unlocks a potent engine for innovation and expansion, positioning us to better serve our customers across activewear and innerwear segments, channels, and geographical regions.”

Chamandy emphasized the importance of a seamless integration process to maximize the value derived from this expanded platform. The company aims to realize over $200 million in cost synergies, as previously announced on August 13, 2025, through efficient execution and collaboration.

Gildan stands out as a prominent manufacturer of everyday basic apparel, encompassing activewear, underwear, socks, and intimates. The company caters to a diverse customer base, including wholesale distributors, screen printers, retailers, and e-commerce platforms, along with global lifestyle brand companies. Operating under a varied brand portfolio, such as Gildan®, Hanes®, Comfort Colors®, and Champion®, Gildan successfully markets its products in various regions worldwide.

With vertically integrated manufacturing facilities located in Central America, the Caribbean, North America, and Asia, Gildan underscores its commitment to industry-leading labor, environmental, and governance practices. The company’s dedication to sustainability and responsible business practices is reflected in its comprehensive ESG (Environmental, Social, and Governance) program, an intrinsic part of Gildan’s long-term business strategy.

Looking ahead, Gildan emphasizes forward-looking statements encompassing the acquisition of HanesBrands and the envisaged benefits of this strategic move, particularly the anticipated cost synergies. While acknowledging inherent risks and uncertainties, the company remains focused on delivering sustainable long-term value to its stakeholders. Gildan urges caution against relying solely on forward-looking statements, highlighting the importance of referencing public filings, including regulatory disclosures, for a comprehensive understanding of potential influencing factors on its future performance.

In conclusion, the integration of HanesBrands into Gildan’s operations marks a significant milestone in the company’s growth journey, underscoring its expanded capabilities, enhanced offerings, and the commitment to delivering sustainable value to customers and shareholders.