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Knitting / Apparel

Gildan Acquires New Buffalo

Gildan Activewear Inc., Montreal, has acquired the assets of New Buffalo Shirt Factory Inc., Clarence, N.Y., and its operating affiliate in Honduras for $7 million.

New Buffalo, together with Anvil Holdings Inc. and other apparel makers, offers screenprinting and apparel decoration for lifestyle and athletic brands. Gildan's acquisition of New Buffalo is expected to complement Anvil's growth as a supply chain partner to global consumer brands that are increasingly looking to consolidate their sourcing with large-scale Western Hemisphere-based manufacturers.

New Buffalo founding entrepreneur Jon Weiss and other key management will continue to run the business under Gildan's ownership.

July/August 2013