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Hanesbrands completes $200M purchase of apparel competitor

2015-04-08 22:56:36| Apparel - Topix.net

Winston-Salem-based Hanesbrands Inc. said Wednesday that it has completed the acquisition of Spartanburg, S.C.-based Knights Apparel in a $200 million deal that will give it a stronger position in the licensed and graphic apparel industry. The acquisition of the collegiate logo apparel company from Merit Capital Partners closed as expected on April 6, with the all-cash transaction valuing Knights at approximately $200 million.

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