Market information advises that Gildan has acquired substantially all of the assets of Swift Spinning, effective July 17th. This included both mills in ColumbusGA. The acquisition of Swift will help meet Gildan’s long-term continued yarn capacity growth needs specifically related to strategic specialty ring-spun yarns. Gildan already has 5 existing yarn spinning mills in the US and Swift’s operations will be part of and will be managed within the operating structure of Gildan Yarns LLC.

There has been no press release issued as yet and we have not seen any local media coverage, but the information is in the market.

Alasdair Carmichael
Carmichael International
PO Box 3444
Spartanburg
SC 29304
T: 864 583 6868
C: 864 542 4481