Sanford’s Frontier Yarns has been sold to clothing manufacturer Gildan Activewear Inc. in a cash deal worth $168 million, according to the Marketwatch publication.
From the story:
Frontier makes cotton, polyester, and cotton-blend yarns primarily manufactured on open end and vortex spinning technology. The yarn operations of Frontier acquired by apparel maker Gildan include four facilities located in North Carolina employing about 800 employees.
During 2021, about 40% of Frontier’s production was dedicated to yarn sold to Gildan for textile manufacturing in Central America and the Caribbean.