Delta Galil Industries, Ltd. (TLV:DELT), a global manufacturer and marketer of branded and private label apparel products for men, women and children, as well as leisurewear and active wear, has acquired the P.J. Salvage brand and other assets of California-based Loomworks Apparel, Inc., a leading sleepwear, loungewear and intimates manufacturer and distributor with an international following.
P.J. Salvage is widely 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 favorite among celebrities and the fashion-minded. Its “California cool” sensibility is featured in leading high-end department store chains and specialty boutiques.
Since its inception in 1975, Delta Galil has continually strived to create products that follow a body-before-fabric philosophy, placing equal emphasis on comfort, aesthetics and quality. The company generates sales of over $1 billion dollar.
Ohana & Co. acted as the exclusive financial advisor to Delta Galil Industries.