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Gildan acquires Frontier Yarns for 168 million dollars

Gildan Activewear Inc., through one of its wholly-owned subsidiaries, has acquired 100 percent stake in Phoenix Sanford, LLC, the parent company of Frontier Yarns for a total cash consideration of approximately 168 million dollars. The company said in a release that Frontier is a producer of 100 percent cotton, polyester, and cotton blend yarns...

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