Gildan Activewear is buying HanesBrands for $2.2 billion in a deal that gives the basic apparel maker access to household name brands like Hanes and Maidenform. The companies put the transaction’s valued at about $4.

The Canadian garment company said the acquisition will expand its scale and strengthen its global positioning.

Gildan Activewear to acquire HanesBrands in a $4.4B deal, creating a global apparel leader. Learn about growth synergies and shareholder benefits.