Gildan Activewear Inc. completes its C$110 million acquisition of Doris Inc.

July 7, 2014

Client: Gildan Activewear Inc.

On June 19, 2014, Gildan Activewear Inc. ("Gildan") reached a definitive agreement to acquire substantially all of the assets of Doris Inc. ("Doris"), a marketer, and manufacturer of sheer hosiery, legwear and shapewear products to retailers in Canada and in the United States. The initial purchase price is approximately CDN $110 million, with possible additional contingent payments of up to CDN $10 million (U.S. $9.2 million), which are based on the achievement of certain targets for growth in sales revenues. The acquisition was completed on July 7, 2014.

Gildan was represented by Norton Rose Fulbright Canada LLP with a team comprised of Sara Joli-Coeur, Emmanuel Grondin, Meghan Stewart, Marilyne Rougeau and Catherine Tees (Corporate), Patrick Galizia and Maude Grenier (Employment), Véronique Gaumond-Carignan (Real Estate) and Jules Charette and Antoine Desroches (Tax).