LAKE - Lakeland Industries Acquires Fire & Rescue Business Of LHD Group For $16.7M | Benzinga
Lakeland Industries Inc (NASDAQ:LAKE) 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.
The acquisition is in an all-cash transaction valued at approximately $16.7 million.
Headquartered in Wesseling, Germany, LHD makes firefighter turnout gear, accessories, and Total Care services, including laundry, repair, and maintenance.
LHD’s offerings include a range of structural, wildland and industrial fire and ...