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Stock impact report

Lakeland Industries Announces the Acquisition of the Fire and Rescue Business of the LHD Group [Yahoo! Finance]

Lakeland Industries, Inc. (LAKE) 
Last lakeland industries, inc. earnings: 9/9 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
HUNTSVILLE, AL / ACCESSWIRE / April 2, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that it has entered into a definitive agreement to acquire the fire and rescue business of LHD Group Deutschland GmbH (LHD) and its Hong Kong and Australian subsidiaries in an all-cash transaction valued at approximately $16.7 million. Headquartered in Wesseling, Germany, LHD is a leader in firefighter turnout gear, accessories, and Total Care services, including laundry, repair, and maintenance, with an annual revenue of approximately $27 million. LHD has established a significant market presence with premium fire services products across Germany and Australia, two of the largest firefighter markets in the world, and the leading position in Hong Kong. LHD's offerings include a range of structural, wildland and ind Show less Read more
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