Lakeland Industries (LAKE) has provided an update.
Lakeland Industries, Inc. has successfully completed the acquisition of the fire and rescue business of LHD Group, encompassing its entities in Germany, Australia, and Hong Kong. This strategic move, initially announced on April 2, 2024, and finalized on July 1, 2024, positions Lakeland Industries to expand its global footprint in safety markets. The deal was facilitated through the Share Sale and Purchase Agreement with Kantaras Investments Pte. Ltd and marks a significant milestone for the company’s growth ambitions.
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