secwatch.observer — SEC 8-K summary
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Issuer:     LAKELAND INDUSTRIES INC (LAKE)
CIK:        0000798081
Form:       8-K
Filed at:   2022-12-05T23:59:59+00:00
Accession:  0001654954-22-016121
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lakeland Industries acquires Eagle Technical Products for ~$10.8M cash
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- All-cash acquisition of UK-based Eagle Technical Products for ~$10.8M, subject to post-closing adjustments and earnout payments.
- Eagle is a designer of fire and industrial protective apparel, expanding Lakeland's product portfolio into customized firefighting applications.
- Expected to be accretive to earnings within first year; expands geographic reach in Middle East, Europe, and Asia.
- Earnout payments tied to Eagle revenue exceeding £6.0M (year ending Apr 2023) and £6.3M (year ending Apr 2024).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/798081/000165495422016121/0001654954-22-016121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/798081/000165495422016121/lake_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-016121

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer