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21st July 2015, Tel Aviv

Delta Galil acquires assets of luxury nightwear manufacturer

P.J. Salvage is known for chic style and luxury fabrics. Delta Galil Industries, the leading manufacturer of apparel products for men, women and children, as well as leisurewear and activewear, has agreed to acquire the P.J. Salvage brand and other assets of California based Loomworks Apparel, a leading sleepwear, loungewear and intimates manufacturer and distributor.

P.J. Salvage is known for chic style and luxury fabrics, and pioneered the crossover of bedroom fashion into loungewear and everyday wear.

The brand’s meticulous attention to detail, superior quality, rich fabrics and flattering fit have made P.J. Salvage a favourite among celebrities and the fashion-minded, the company reports. Its California cool sensibility is featured in leading high-end department store chains and specialty boutiques.

Further growth

In addition to the P.J. Salvage brand, Delta will acquire all of Loomworks’ operations, including its brand names and trademarks, intangibles, working capital and certain liabilities. The purchased business will become part of US subsidiary Delta Galil USA, in a deal that is expected to close by the end of July 2015 and to be accretive to Delta’s earnings.

“P.J. Salvage is one of the leading brands of fashionable pyjamas, loungewear and intimates, with a style that transitions easily from nightwear to everyday wear, and is popular in key markets around the world,” said Isaac Dabah, CEO of Delta Galil.

“The acquisition of this respected brand is a further step in the growth of our branded business, and we plan to build on this opportunity to expand P.J. Salvage in upper end retailers in the US and globally.”

Delta Galil Industries

Delta Galil Industries is a leading manufacturer and marketer of branded and private label apparel products for men, women and children.

The company develops innovative seamless apparel including bras, shapewear and socks; intimate apparel for women; extensive lines of underwear for men; activewear, sleepwear and leisurewear.

www.deltagalil.com

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