March '17

For the Business of Apparel Decorating

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8 || P R I N T W E A R M A R C H 2 0 1 7 Business Watch Gildan Wins Bankruptcy Auction to Acquire American Apparel MONTREAL—Gildan wins a court-supervised auction to acquire the American Apparel brand and assets with a final cash bid of roughly $88 million. Gildan expects to complete the acquisition by early Feb. 2017. "We are excited to be moving forward with this acquisition," says Glenn Chamandy, CEO of Gildan. "We see strong potential to grow American Apparel sales by leveraging our extensive printwear distri- bution networks in North America and internationally to drive further market share penetration in the fashion basics segment of these markets." The announcement comes as the latest development in Gildan's prog- ress toward an acquisition. In Nov. 2016, the company released details of an asset purchase agreement and plans to acquire the global intellectual property rights of American Apparel. As part of the asset purchase agreement, Gildan attains manufacturing equipment from American Ap- parel facilities in California. The manufacturing and distribution facilities are not part of this agreement. As of Jan. 12, Gildan is officially approved by the bankruptcy court to move forward with its ac- quisition. Rags of Honor Appears on CBS This Morning CHICAGO—Midwest screen printer Rags of Honor appears on a recent installment of CBS This Morning. In a short video segment, CBS correspondent Mark Albert speaks to employees from the shop, all of whom are veterans. Albert also tours the shop floor at Rags of Honor and talks with com- pany founder Mark Doyle, who explains that the mission of his shop is to hire homeless veterans and provide them a path to a stable living situation through job training. The video profiles upticks in the companys order demand as well. The shop prints licensed apparel for sports teams from all four major leagues which includes a recent run of shirts for the Chicago Cubs' World Series win. CBS says the company hopes to reach $1 million in sales by next year. The full video can be viewed at hope-to-homeless-vets. Epson Earns Eco Passport Certification TOKYO—Epson earns Oeko-Tex Eco Passport certification for sustainable textile chemicals through the Nissenken Quality Evaluation Center. The certification makes Epson the first company in Japan to earn the distinction. Certified Epson products include the company's UltraChrome DS inks and auxil- iary fabric preparation products for garment printers. Launched in June 2016, the Eco Passport is a certification system that helps manufacturers and sup- pliers verify their colorants, finishing assistants, and other chemicals are safe and sustainable for textile production. A primary goal of the system is to improve the safety and sustainability of the textile industry supply chain, including reducing carcinogen-producing products. Epson's certification coincides with the company's ongoing initiatives towards safety and environmen- tal compliance. The company uses its own system, the Epson Quality Standard (EQS), to maintain product-safety policies that comply with legal and regulatory requirements worldwide. PRINTWEAR PEOPLE Onyx Graphics (Salt Lake City) names Jonathan Rogers as international marketing manager. In the new- ly-created position, Rogers is respon- sible for leading the com- pany's marketing team in global marketing and re- seller support programs. "Jonathan's extensive marketing experience working with global soft- ware companies will help us drive the growth of our products and service revenue while building worldwide Onyx brand awareness and affinity," says Bryan Manwaring, director of product mar- keting for Onyx. Prior to his new posi- tion, Rogers served as digital marketing manager for a software solutions company and business development manager for Critical Mission Consult- ing, a capital growth com- pany. In addition to his work experience, Rogers holds a bachelor's degree in international studies from Kingston University and a master's in psychol- ogy from Brigham Young University. People continued on page 10 Rogers

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