Lakeland Industries acquires Veridian for $25M; expands fire services

LAKELAND INDUSTRIES INC

Acquired Veridian for ~$25M cash, funded via credit facility; adds ~$21M annual revenue and 150 employees.
Veridian designs and manufactures firefighter protective apparel including garments, gloves, and boots.
Credit facility amended: revolving line increased to $60M through Jan 2026, maturity extended to Dec 2029.
Acquisition expected to be immediately accretive; strengthens U.S. manufacturing and cross-sell opportunities.
Veridian's former owner Bill Van Lent remains as president of the business post-close.

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