Lakeland Industries Completes $25 Million Acquisition of Veridian

MT Newswires Live

2024/12/17

Lakeland Industries (LAKE) said late Monday it completed the acquisition of Veridian for about $25 million in an all-cash deal.

The transaction was funded by the company's revolving credit facility with Bank of America (BAC), according to Lakeland.

Shares of Lakeland were up 1.6% in after-hours activity.

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