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Gildan Activewear Acquires Yarn Supplier for $168 Million

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Gildan Activewear is expanding its East Coast U.S. manufacturing operation, bringing one of its current yarn suppliers under its own umbrella. A wholly owned subsidiary of the Montreal-based basic apparel producer and distributor acquired a 100 percent stake in Phoenix Sanford, LLC, the parent company of Frontier Yarns, in an all-cash deal totaling $168 million….

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