Perry Ellis Maker Acquires Axis Clothing

Salant Corp., maker of Perry Ellis brand clothes for men, said it acquired closely held Axis Clothing Corp. to expand the sales of men’s sweaters, pants and shirts to U.S. department stores.

Terms of the purchase weren’t disclosed. Axis, based in Culver City, manufactures and sells its namesake men’s clothing to 450 outlets in the U.S., including Nordstrom Inc.’s stores, Salant said.

Shares of New York-based Salant rose 3 cents to $1.83 in over-the-counter trading.

*

Bloomberg News