Leading global protective apparel manufacturer Lakeland Industries, Inc. (NASDAQ:LAKE) (the “Company” or “Lakeland”) announced today the acquisition of UK-based Eagle Technical Products Limited (“Eagle”) in an all-cash transaction valued at approximately $10.8 million subject to post-closing adjustments and potential future earnout payments. The acquisition enhances Lakeland’s product portfolio, particularly within fire service protective clothing and expands its sales presence in the Middle East and Europe.
Headquartered in Manchester, UK, Eagle is a leading designer and provider of protective apparel to the fire and industrial sectors. Eagle provides differentiated product offerings through its innovative and technical solutions.
EC M&A served as the exclusive financial advisor to Lakeland on this transaction.