Gildan Activewear (PPAI 250187, Platinum) will acquire Hanesbrands, which operates in the promotional products industry as Hanes (PPAI 191138, Gold), for $2.2 billion, the companies announced on Wednesday. Glenn J. Chamandy, president and CEO of Gildan, said the transaction will double revenues and allow both companies to expand their portfolios beyond activewear and basic apparel. Including debt, the […]