Gildan Activewear Inc. acquires Doris Inc.

Gildan Activewear Inc. reached a definitive agreement to acquire substantially all of the assets of Doris Inc., 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 $110 million, with possible additional contingent payments of up to $10 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 internally by Lindsay Matthews and by Norton Rose Fulbright Canada LLP with a team including 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).

Doris was represented by Borden Ladner Gervais LLP with a team led by Neil Hazan and including Yaniv Saragosti, Misha Benjamin and Angela Maffei (corporate); Charles Marquette and Kevin Bianchini (tax); Geneviève Bergeron and Vivian Patsilivas (IP); Alexandre Buswell and Shawn Connelly (employment); Raphael Roditi (real estate), Marie-Claude Bellemare (environmental), Pascal de Guise (securities) and Jon Smithen (competition).