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 is a great company with an outstanding management team and world-class employees," said Gerald W. Evans Jr., Hanes' chief operating officer. "The company is well-run, a market leader, and mirrors our Innerwear business. We are looking forward to welcoming the DBA team to Hanes. Together, we have the world's best innerwear brands, the most knowledgeable employees in the industry, and the size and passion to be the best basic apparel company in the world."
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