Delta Galil Industries, the global manufacturer and marketer of branded and private label apparel products for men, women and children, has signed an agreement to acquire intimate apparel leader, The Bogart Group (Bogart). The deal is expected to show a profit in Q2 of 2019 and be accretive to earnings in 2020. The acquisition is expected to close in Q3.
Headquartered in Hong Kong, Bogart is a vertically integrated global leader in the design, development and manufacturing of fashion bras, and one of the top leading names in intimate apparel, sports and swimwear. The company is a preferred strategic partner for some worldwide leading brands such as Victoria’s Secret, PVH, Jockey, Adore Me, Vanity Fair, Hanes, among others. In addition to Bogart, Delta Galil will acquire the company’s subsidiaries Brunet, a leading lace manufacturer and B&B, a leading padding manufacturer, said Delta Galil in a press release.
“We’re very pleased to be adding The Bogart Group to our strong portfolio of intimate apparel, as expanding our footprint in the bra category has been a long-term goal for Delta Galil,” said Isaac Dabah, CEO of Delta Galil. “This is a unique strategic opportunity, where I see great potential for Delta to leverage Bogart’s strong market position to further build its company, while also helping Delta’s business units expand to the next phase of growth.” (PC)