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Delta Galil Closes Acquisition of France-Based Eminence
Thursday 12 July 2018

12 July 2018 - Israel-based apparel manufacturer Delta Galil Industries, Ltd. (TASE: DELT) (OTCQX: DELTY) has closed the acquisition of France-based underwear company Eminence SAS and its subsidiaries, which Eminence, ATHENA and the Italian brand Liabel, the company said.

Terms of the transaction were not disclosed.

For 2019, Eminence is expected to contribute approximately EUR 100m (USD 119m) of revenue and approximately USD 0.40 to USD 0.45 to Delta's earnings per share, excluding transaction and other deal-related expenses. This transaction would accelerate Delta revenue to exceed USD 1.5bn.

Eminence would bring to Delta a men's premium French brand, which has the second largest men's underwear market share in France.

In 2017, Eminence Group's net sales totaled approximately EUR 99.0m (USD 119m).

Delta Galil Industries is a global manufacturer and marketer of branded and private label apparel products for men, women and children.
Date Published: 12/07/2018
Target: Eminence SAS
Country: France
Sector: Clothing/Textiles
Type: Corporate acquisition
Status: Closed
Buyer: Delta Galil Industries
Terms of the deal were not disclosed