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
