From GlobeNewswire: 2025-02-11 08:31:00

Lakeland Industries, Inc. had a transformative fiscal year in 2025, marked by successful acquisitions, new management, and improved capital position. The company recently closed a $46.0 million public equity offering to accelerate growth in the fire protection sector and reduce debt. With a focus on acquisitions in the fire turnout gear industry, Lakeland aims to enhance revenue streams and expand its global presence. The company completed four strategic acquisitions in the past year, strengthening its position in North America, Europe, Asia, Oceania, LATAM, and the Middle East. Lakeland’s goal is to become a premier global fire services brand, driving profitable growth through acquisitions and operational efficiencies.

The acquisitions include New Zealand-based Pacific Helmets NZ Limited, Jolly Scarp from Italy, LHD Group Deutschland GmbH, and Veridian, a U.S.-based provider of firefighter protective apparel. These acquisitions have expanded Lakeland’s product offerings and market reach, particularly in the U.S. and Latin America. To support its growth strategy, Lakeland appointed experienced executives to the management team, focusing on sales, revenue growth, and human resources. The company is optimistic about its future prospects, aiming to grow faster than the markets it serves and achieve higher margins in Fiscal Year 2026.



Read more at GlobeNewswire: Lakeland Fire + Safety Issues Shareholder Letter and