Gildan Announces Agreement to Acquire Gold Toe Moretz for Approximately $350 Million

Gold Toe Moretz is a leading supplier of high-quality branded athletic, casual and dress socks for mass-market retailers, national chains, price clubs, department stores and specialty sporting goods stores in the U.S. Gold Toe Moretz's company-owned brands include the iconic Gold Toe brand, as well as the Silver Toe, GT, Auro, PowerSox and All Pro brands. Gold Toe Moretz is also the exclusive U.S. licensee for Under Armour and New Balance branded socks. The majority of the purchase price will be represented by intangible assets, including the value of these brands.