Gildan acquires HanesBrands

Important announcement

Gildan acquires HanesBrands

This acquisition strengthens our leadership in responsibly made apparel and brings together two companies with a shared commitment to quality, innovation, and industry-leading environmental, social, and governance practices. Together, we are making apparel better for our people, communities, and the planet.

40+ combined facilities

Global portfolio of leading brands

Industry leader in responsible apparel

Explore Gildan’s corporate website

You’ve been redirected because HanesBrands is now part of Gildan. As such, Gildan’s website is now your primary destination for corporate information about our combined company. Explore the links below to discover more about our business, career opportunities, investor information, latest news, and ESG initiatives.

*Unless indicated otherwise, the information, goals and targets presented in the Responsibility section of Gildan’s website, including any public filings, statements, or press releases, were prepared prior to the acquisition of HanesBrands by Gildan. Such information, goals and targets may not be applicable to any HanesBrands entities and may be modified and reconsidered by Gildan in light of the acquisition.

About the acquisition

This strategic acquisition brings together two industry leaders poised to create lasting value for shareholders, customers, and employees. 

Strategic vision for the future

Combining our complementary strengths to create a global basic apparel leader focused on operational excellence, innovation, and sustainable growth.

Shared commitment to responsibility

Grounded in our belief that apparel should be made with respect for people, communities, and the planet, the combined company continues to lead responsibly through ethical manufacturing, environmental stewardship, and transparency across operations.

Innovation that drives progress

Through world-class expertise, vertically integrated manufacturing, and advanced supply chain capabilities, we are driving continued innovation and efficiency across our global network.

Frequently asked questions

Find answers to common questions about the HanesBrands acquisition.

When was the acquisition announced and finalized?

Gildan and HanesBrands announced that they had entered into a definitive merger agreement on August 13, 2025. The transaction was finalized on December 1, 2025 as announced by this press release.

Where can I find historical financial information related to HanesBrands?

Historical financials and filings are available through applicable securities regulators. 

What payment will shareholders receive for their HanesBrands shares?

As a result of the transaction and in accordance with the terms of the merger agreement, each share of HanesBrands common stock, $0.01 par value per share held at the effective time of the transaction was automatically canceled and converted into (a) 0.102 common shares of Gildan, (b) $0.80 in cash, without interest and (c) cash, without interest, in lieu of any fractional shares of Gildan common shares you would otherwise be entitled to receive.

When will HBI shareholders receive payment and Gildan shares for their Hanesbrands shares?

You will receive, or may already have received, a transaction notice, which reflects the Gildan Common Shares to which you are entitled with respect to the shares of HanesBrands. Additionally, you will receive, or may already have received, by separate mailing, a check for (or deposit to your account in the amount of) the cash consideration and the cash in lieu of any fractional shares to which you are entitled, if any. Please allow a few days from the effective date to receive the notice and payment.

 

If you hold HanesBrands shares with a broker, bank, or other intermediary (in “street name”), you should contact your broker, bank, or other intermediary for further information about receiving payment for your shares.

 

For any questions relating to the exchange of your HanesBrands shares and the payment of the cash consideration, please contact our Exchange Agent, Computershare, as follows:

 

By Telephone: 

From within the U.S., U.S. territories, and Canada: 1-800-546-5141  

From outside the U.S., U.S., territories, and Canada: 1-781-575-2765 

 

By Mail: 

Computershare 

Computershare Trust Company, N.A. 

P.O. Box 43014 

Providence, RI 02940-3014 

 

By Overnight Courier or By Hand: 

Computershare 

Computershare Trust Company, N.A.  

150 Royall Street, Suite 101 

Canton, MA 02021 

Will there be opportunities to join the Gildan team? Where can I view open positions?

Our combined scale and expanded operations will continue to create opportunities across the organization, and we will share new openings on our Careers page as they become available. We encourage interested candidates to explore our current openings and check back regularly for updates.

Does this acquisition change any of Gildan’s ESG targets and progress?

Gildan and HanesBrands share a deep commitment to responsible practices. As we bring our two organizations together, we will conduct a comprehensive review of our ESG strategy and targets to ensure they reflect our shared values and ambition for continued sustainable growth. Unless otherwise indicated on Gildan’s corporate website, Gildan’s ESG goals and targets remain the same and may not be applicable to any HanesBrands entities.

Where will Gildan’s headquarters be located now?

Gildan’s headquarters will continue to be located in Montréal, Québec, and the combined company will maintain a strong presence in Winston-Salem, North Carolina.

Will the HanesBrands corporate website and social media accounts remain active?

As part of the integration, the HanesBrands corporate website will be phased out, and visitors will be redirected to Gildan’s corporate site for all Company information, news, and updates. The HanesBrands Inc. corporate social media channels will also be consolidated into Gildan’s official corporate channels. HanesBrands product and brand social media channels and websites, such as those for Hanes®, Bonds®, Maidenform®, and Bali®, will continue to remain active.

Have more questions?

Reach out to our team for all inquiries related to the acquisition.

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