GILDAN ACTIVEWEAR INC.
NYSE : GIL
TSX : GIL

GILDAN ACTIVEWEAR INC.

May 26, 2016 09:10 ET

Gildan Announces Completion of Acquisition of Alstyle Apparel, LLC

MONTREAL, QUEBEC--(Marketwired - May 26, 2016) - Gildan Activewear Inc. (TSX:GIL)(NYSE:GIL) today announced that it has completed the acquisition of Alstyle Apparel, LLC, effective May 26, 2016. Gildan previously announced on May 4, 2016 that it had entered into an agreement to acquire 100% of the equity interest of Alstyle Apparel, LLC and its subsidiaries.

About Gildan

Gildan is a leading manufacturer and marketer of quality branded basic family apparel, including T-shirts, fleece, sport shirts, underwear, socks, hosiery, and shapewear. The Company sells its products under a diversified portfolio of company-owned brands, including the Gildan®, Gold Toe®, Anvil®, Comfort Colors® and Alstyle® brands, as well as the Secret®, Silks® and Therapy Plus™ brands. The Company also has the U.S. sock license for Under Armour®, and licenses for the Mossy Oak® and New Balance® brands. The Company distributes its products in printwear markets in the U.S. and Canada, as well as in Europe, Asia-Pacific and Latin America. The Company also markets its products to a broad spectrum of retailers primarily in the U.S. and Canada. The Company also manufactures for select leading global athletic and lifestyle consumer brands.

Gildan owns and operates vertically-integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean Basin and the United States, and are strategically positioned to efficiently service the quick replenishment needs of its customers in the printwear and retail markets. Gildan has over 42,000 employees worldwide and is committed to industry-leading labour and environmental practices at all of its facilities. More information about the Company and its corporate citizenship practices and initiatives can be found at its corporate websites www.gildan.com and www.genuinegildan.com, respectively.

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