Apparel company Gildan Activewear has completed the acquisition of apparel maker Anvil Holdings for US$88m.

Last month, Gildan said it plans to continue pursuing further sales growth in the printwear market, through leveraging the combined strengths of the two companies. The deal will provide Gildan with a higher market share in the US distributor channel.

Anvil Holdings, which operates primarily through its Anvil Knitwear unit, supplies basic T-shirts and sport shirts for the printwear market.