Merit Capital inks sale of Knights Apparel
Hanesbrands Inc. has agreed to buy Knights Apparel Inc., which is owned by Merit Capital Partners. Financial terms of the deal, which is subject to antitrust review, were not announced. Spartanburg, South Carolina-based Knights Apparel designs and supplies licensed sports apparel. Knights Apparel said its Alta Gracia business subsidiary, a fair trade/socially-conscious clothing brand, will not be a part of the transaction and will remain independent. Guggenheim Securities LLC provided financial advice to Knights Apparel.
25 February 2015•3 mins read
