Lakeland Industries, Inc. (NasdaqGM:LAKE) is looking for acquisition opportunities. During the company?s fiscal 2024 second quarter financial results conference call, Charlie Roberson, Chief Executive Officer said that ?Moving forward, our leadership team is committed to identifying and maintaining a robust acquisition pipeline with opportunities that enhance Lakeland's strategic product portfolio and expand our geographic reach. Our M&A efforts are focused on finding opportunities like Eagle that meet our SSQ, small, strategic and quick acquisition strategy by identifying targets that are similar in size, highly strategic and accretive to our bottom line in a short period of time?.
Roger Shannon said that ?Our robust balance sheet provides us with significant flexibility as we continue to explore acquisition opportunities, organic growth investments and returning capital to our shareholders?.
Lakeland Industries, Inc. design and manufactures and sells a comprehensive line of industrial protective clothing and accessories for the industrial and public protective clothing market. The Companyâs product categories include limited use/disposable protective clothing, high-end chemical protective suits, firefighting and heat protective apparel, durable woven garments, high visibility clothing, and glove and sleeves. Its products are sold by its in-house customer service group, its customer service group, and independent sales representatives to a network of over 1,600 North American safety and mill supply distributors. It also designs and manufactures helmets for the structural firefighting, wildland firefighting, and rescue markets. Its authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, heavy and light industry, cleanroom, janitorial, pharmaceutical, and technology electronics manufacturers.