Updated August 2, 2017

 

Montreal-based Gildan has acquired Columbus, Ga.-based Swift Spinning, Inc., according to Swift’s president & CEO, confirming information in the market.

 

Trey Hodges responded in an email from eTC that Swift Spinning is now “part of the Gildan Yarn Division family” and “this is excellent for Swift Spinning.” He asked that all additional questions be directed to Gildan.

 

Geneviève Gosselin, director of Corporate Communications & Marketing at Gildan, said a press release has not been issued, but reconfirmed by email that “Gildan has acquired substantially all of the assets of Swift Spinning, effective July 17.”

 

“This included both mills in Columbus, Ga.,” she wrote. “The acquisition of Swift will help meet Gildan’s long-term continued yarn capacity growth needs specifically related to strategic specialty ring-spun yarns. Their two facilities are conveniently located in close proximity to our other five yarn-spinning plants located in the United States. Swift’s operations will be part of and will be managed within the operating structure of Gildan Yarns LLC.”

 

Swift Spinning, a venerable U.S. textile yarn production company, began operating under the that name in 1906. The company sells its yarn into the hosiery (socks), specialty weaving and high end knitted apparel markets.

 

Source: eTC sources