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 on June 30, 2016

In buying Seven For All Mankind, Splendid and Ella Moss from VF Corp., Delta Galil Industries seeks to bolster the brands’ wholesale market share, optimize the supply chain, become more efficient and expand the product offerings.

Delta Galil, the Israeli-based apparel-maker, said Thursday it had signed a definitive agreement to acquire the contemporary brands businesses from VF Corp. for $120 million. Delta Galil, which is listed on the Tel Aviv Stock Exchange, said the acquisition will add more than $300 million to the company’s top line annual sales and will start to contribute to earnings in 2017. The deal is expected to close in the third quarter of 2016.

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