HanesBrands to Acquire DB Apparel
Acquisition expected to add approximately $0.25 of adjusted EPS in 2015 and approximately $1.00 of adjusted EPS annually within 3 to 4 years.
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DBA sells innerwear in 16 countries, primarily in Western and Central Europe. Approximately 45 percent of company sales are in France, while the Germany/Austria market accounts for approximately 15 percent of sales. Italy, Spain and Portugal together account for another 20 percent of sales.
DBA's strong brands include DIM, Playtex and Wonderbra in multiple countries. DIM accounts for approximately 50 percent of all sales. Strong national brands include Nür Die hosiery in Germany, Lovable intimate apparel in Italy, and Abanderado men's underwear in Spain.
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