Gildan Acquires Shahriyar

Gildan Activewear Inc., Montreal, has acquired Shahriyar Fabric Industries Ltd., Bangladesh, for
approximately US$15 million. Gildan plans to expand Shahriyar’s vertically integrated knitting,
dyeing, finishing, cutting and sewing plant – which produces annually some 2.2 million dozen
T-shirts from ring-spun yarn – and increase annual production capacity to 3.5 million dozen
T-shirts.

May/June 2010

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