June 25, 2014 / 10:45 AM / in 4 years

Hanesbrands to buy France's DBApparel

June 25 (Reuters) - Underwear maker Hanesbrands Inc said it will buy Paris-based DBApparel from Sun Capital Partners Inc in a deal valuing the company at 400 million euros ($545 million) on an enterprise basis.

The cash deal values DBApparel at about 7.5 times EBITDA, Hanesbrands said. ($1 = 0.7345 Euros) (Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Saumyadeb Chakrabarty)

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