Lakeland industries completes acquisition of lhd group

Strategic acquisition enhances lakeland's global presence and fire service offering huntsville, al / accesswire / july 1, 2024 / lakeland industries, inc. (nasdaq:lake), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisition of the fire and rescue business of lhd group deutschland gmbh and its subsidiaries in hong kong and australia (collectively, "lhd") in an all-cash transaction valued at approximately $16.3 million subject to post-closing adjustments and customary holdback provisions. lhd is a leading provider of firefighter turnout gear, accessories, and personal protective equipment cleaning, repair, and maintenance, with an annual revenue of approximately $27 million.
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