M&A - LAKELAND INDUSTRIES INC

Form Type: 10-K

Filing Date: 2025-04-17

Corporate Action: Acquisition

Type: Update

Accession Number: 000165495425004352

Filing Summary: Lakeland Industries, Inc. reported significant developments in its business operations for the fiscal year ending January 31, 2025. The fiscal year was marked by multiple strategic acquisitions aimed at strengthening its position in the firefighting and protective apparel market. Notable acquisitions included Veridian Limited for $26.1 million, LHD Group Deutschland GmbH for $14.8 million, Jolly Scarpe S.p.A. for $9.0 million, and Pacific Helmets NZ Limited for approximately $6.3 million. These acquisitions were intended to enhance the company's product portfolio, specifically in firefighter protective gear and accessories. The company’s updated capital position following a $46 million public equity offering further enables growth within the fragmented $2 billion fire protection sector. Lakeland aims to increase manufacturing resilience and has operations across multiple continents, emphasizing investments in high-growth areas and a focus on customer service. Additionally, the report highlights a year-over-year revenue increase and the successful execution of its acquisition strategy, positioning Lakeland as a competitive player in its industry.