Gildan Activewear, Inc.
Gildan is a vertically-integrated marketer and manufacturer of quality branded basic apparel. The Company is the leading supplier of activewear for the wholesale imprinted sportswear market in the U.S. and Canada, and also a leading supplier to the European market. The Company sells T-shirts, sport shirts and sweatshirts in large quantities to wholesale distributors as undecorated "blanks", which are subsequently decorated by screenprinters with designs and logos. Consumers ultimately purchase the Company's products, with the Gildan label, in venues such as sports, entertainment and corporate events, and travel and tourism destinations. Other end-uses include work uniforms and similar applications to convey individual, group and team identity. 

As part of its growth strategy, the Company recently announced plans to sell its products into the mass-market retail channel, in addition to the screenprint market. In conjunction with these plans, Gildan is expanding its product-line to include underwear and athletic socks. On June 20, 2006 Gildan announced that it had entered into an agreement to acquire Kentucky Derby Hosiery Co., Inc., a U.S. hosiery manufacturer based in Hopkinsville, Kentucky. Gildan intends to utilize Kentucky Derby's experience and distribution with mass-market retailers to enhance its positioning as a full product-line supplier of basic family apparel for major mass-market retailers in North America.