The merger is said to bring together each company’s respective strengths, such as Gildan’s manufacturing network and HanesBrands' go-to-market expertise and heritage brand presence in activewear.
Church & Dwight is undergoing a portfolio restructuring, divesting its showerhead business while undergoing a strategic review of its vitamin offerings.
This latest funding builds on a $6 billion investment that it allocated toward U.S.-based manufacturing over the past five years to meet growing demand.