Case Study: HanesBrands acquires distressed real estate in Vietnam and saves $1.4 million with Tractus

HanesBrands saves $1.4M on Vietnam real estate acquisition with Tractus

HanesBrands, a socially responsible manufacturer of everyday apparel, sought to expand its manufacturing capacity in Vietnam by acquiring a distressed garment plant located outside an industrial zone. The challenge involved negotiating with the financially distressed Korean owner and navigating a complex acquisition process on a fast-track schedule. They engaged the vendor Tractus to manage the legal and commercial due diligence and the acquisition process.

Tractus led a complex, multi-party negotiation and managed the entire asset acquisition. They successfully negotiated a discount of over 23% on the asking price and coordinated with numerous government agencies to secure all necessary approvals on time. The solution implemented by Tractus resulted in $1.4 million in savings for HanesBrands and ensured the property was handed over on schedule to their construction team.

HanesBrands