The July acquisition of German underwear maker Schiesser AG made an immediate contribution to Delta Galil Industries Ltd.’s sales, earnings and margins in the third quarter.
“This is Schiesser’s first quarter as part of the company, but it’s a very promising start,” Isaac Dabah, chief executive officer of the Tel Aviv-based maker of innerwear, hosiery and performance knitwear, told WWD following disclosure of the results. “It was a great fit for us strategically and it’s a consistent company with excellent shelf space. It was very profitable and there’s every reason to think it will continue to be so.”
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