Montreal-based branded basic apparel manufacturer Gildan Activewear Inc. has acquired the assets of Clarence, N.Y.-based New Buffalo Shirt Factory Inc. and its operating affiliate in Honduras for $7 million.
New Buffalo offers screenprinting and apparel decoration for global lifestyle and athletic brands together with activewear manufacturer Anvil Holdings Inc. and other apparel manufacturers. Gildan's acquisition of New Buffalo is expected to complement Anvil's further growth as a supply chain partner to global consumer brands — which, according to Gildan, are increasingly looking to consolidate their sourcing with large-scale Western Hemisphere-based manufacturers, and are expected to fully utilize the New Buffalo facility capacities.
Gildan acquired New York City-based Anvil — whose Anvil Knitwear unit supplies basic T-shirts and sport shirts for the printwear market, branded niche products within the United States, and basic apparel products for major non-retailer brands — last year (see " Gildan Acquires Anvil Holdings," TextileWorld.com, May/June 2012).
New Buffalo founding entrepreneur Jon Weiss and other key management will continue to run the business under Gildan's ownership.
