Montreal - Gildan Activewear has acquired 100 per cent of the equity interests of Phoenix Sanford, LLC, the parent company of Frontier Yarns in a US$168 million deal.
Frontier is a major producer of 100 per cent cotton, polyester, and cotton blend yarns primarily manufactured on open end and vortex (MVS) spinning technology for the knitting and weaving industries. The yarn operations of Frontier acquired by Gildan include four facilities located in North Carolina employing approximately 800 employees.
