Lakeland Industries to acquire LHD Group fire & rescue business for $16.7M

LAKELAND INDUSTRIES INC

Purchase price $16.7M all-cash; LHD generates ~$27M annual revenue with 111 employees.
LHD provides firefighter turnout gear, accessories, and Total Care cleaning/repair services.
Acquisition expands Lakeland's global fire footprint in Germany, Australia, and Hong Kong.
Transaction expected to close in May; management expects immediate accretion to earnings.
Credit facility amended: revolver increased to $40M, maturity extended to 2029.

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