Lakeland industries announces the acquisition of the fire and rescue business of the lhd group

Strategic acquisition expands lakeland's global fire footprint with premium fire services products; adds total care maintenance, cleaning and repair services to offering 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.
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