Gildan Announces Completion Alstyle Apparel Acquisition
Gildan Activewear Inc. announced that it has completed the acquisition of Alstyle Apparel, LLC, effective May 26, 2016. Gildan previously announced on May 4, 2016 that it had entered into an agreement to acquire 100 percent of the equity interest of Alstyle Apparel, LLC and its subsidiaries for $109,354,066.
Keith Walters, the company’s president, CEO and chairman of the board, said, “We are pleased that we have been able to close this transaction so quickly after its announcement in early May. Beginning in the summer of 2015, it has been a time consuming process to affect the sale of this asset, and its completion will allow management to focus on the print segment and our stated goal of acquiring other printing businesses that meet our criteria."
The Allen Company Announces Staff Additions
Stan Dohan, MAS, MASI, president of The Allen Company, Blanchester, OH announced that Mindi Klingshurn has joined the company as director of manufacturing and Pamela Cummings as human resources director.