Gildan to Buy Doris for $102 Million for Ladies Hosiery

Canadian T-shirt-maker Gildan Activewear Inc. agreed to buy Doris Inc., North America’s third-largest marketer of branded ladies legwear for C$110 million ($101.6 million) to expand into women’s intimates.

The deal, which will be paid in cash and funded through a bank facility, could include additional payments of up to C$10 million if sales targets are met, according to a statement from Montreal-based Gildan today.