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Knitting / Apparel

Delta Galil Completes Purchase Of Auburn Hosiery

Israel-based Delta Galil Industries Ltd. has completed its purchase of St. Louis-based Kellwood Co.'s sock business, Auburn Hosiery Mills. With the acquisition, Delta Galil gains Auburn Hosiery's operations in the United States and Europe. The company will continue the reorganization of Auburn Hosiery's European operations begun by Kellwood.

According to Dov Lautman, chairman of Delta Galil's board, the purchase will strengthen Delta Galil's relationship with Wal-Mart, Auburn Hosiery's main customer and Delta Galil's second-largest global customer.

January 2004




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