Delta Galil acquires P.J. Salvage
Delta Galil, the global manufacturer and marketer of branded and private label apparel, activewear and leisurewear for men, women and children, announced this week that it has acquired the P.J. Salvage brand and other assets of California-based Loomworks Apparel, which has an international following.
“P.J. Salvage is one of the leading brands of fashionable pajamas, 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 U.S. and globally.”
In addition to acquiring P.J. Salvage, the deal includes the acquisition of other assets from the California-based company, Loomworks, including brand names and trademarks, working capital and certain liabilities. The purchased business will become part of U.S. subsidiary Delta Galil USA, in a deal that is expected to close by the end of July 2015.
P.J. Salvage was founded in 1996, and has since become the go-to fashion pajamas, loungewear and intimates brand for Hollywood celebrities including Kim Kardashian, Natalie Portman, Gwen Stefani and Miley Cyrus.
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