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Stock impact report

Lakeland Fire + Safety Completes Acquisition of Veridian [Yahoo! Finance]

Lakeland Industries, Inc. (LAKE) 
Last lakeland industries, inc. earnings: 9/9 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Additional Annual Revenue of Approximately $21 Million Further Builds Upon Lakeland's 245% Third Quarter Year-over-Year Growth in Fire Services Products HUNTSVILLE, AL / ACCESSWIRE / December 16, 2024 / Lakeland Fire + Safety (NASDAQ:LAKE), a leading global manufacturer of protective clothing for industry, healthcare, and first responders, announced today the successful completion of its acquisition of U.S.-based Veridian in an all-cash transaction valued at approximately $25 million subject to post-closing adjustments and customary holdback provisions. The acquisition was financed under Lakeland's revolving credit facility with Bank of America. ACCESSWIRE | Article Logo Founded in 1992, Veridian is a leading provider of firefighter protective apparel, including fire and rescue garments, gloves and boots, with an annual revenue of approximately $21 million. Veridian has approximately 150 employees and is headquartered in Des Moines, Iowa. Strategic Rationale and Benefits: E Show less Read more
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