HanesBrands Completes Acquisition of Maidenform

HanesBrands, based in Winston-Salem, N.C., recently announced that it has closed the acquisition of Maidenform Brands Inc. for approximately $583 million. HanesBrands had entered into a definitive agreement to acquire the company in July.

“Maidenform is a great company with strong brands and a rich tradition of innovation in intimate apparel,” Hanes chairman and CEO Richard A. Noll said. “The Maidenform business and brands are a perfect addition and complement to our core business and brands. This is an excellent use of our strong, free cash flow to create value.”