Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For a thorough assessment of LAKE stock, go to TipRanks’ Stock Analysis page.
