By  on May 2, 2012

In a move that bolsters its men’s and branded businesses, as well as its presence in Europe, Tel Aviv-based Delta Galil Industries Ltd. has agreed to acquire Schiesser AG, a leading manufacturer and marketer of men’s, women’s and children’s underwear for the German market, for about 68 million euros, or $90 million at current exchange.

The acquisition, expected to be completed in July, will lift the buyer’s sales to about $900 million, Isaac Dabah, chief executive officer of Delta Galil, told WWD.

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