HanesBrand to make new acquisitions a priority following Maidenform purchase
from Promo Marketing
Apparel basics manufacturer HanesBrands, Winston-Salem, N.C., is in the market for new companies to acquire in order to sustain its growth. "It is time to turn our attention to the next priority: acquisitions," Richard Noll, CEO of HanesBrands, said on a recent investors' call. The company best known for its line of T-shirts saw net sales for the year increase 2 percent to $4.63 billion in 2013, with a 12 percent increase in the fourth quarter attributed in part to HanesBrands' acquisition of Maidenform, which was completed in October for $583 million.
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