>>
Home / Knowledge / News / Apparel/Garments / Lakeland completes acquisition of Qualytextil

Lakeland completes acquisition of Qualytextil

15
May '08
Lakeland Industries Inc a market leader in protective apparel, announced that it has completed the acquisition of Brazilian protective apparel supplier Qualytextil S.A. Under the terms of the transaction, Lakeland paid approximately USD$13.3 million at closing.

Terms also include an earnout based on Qualytextil meeting specific increased earnings before interest, taxes, depreciation and amortization (EBITDA) targets in 2010.

The acquisition was funded by existing cash and borrowings from a commercial line of credit, and is expected to be accretive to Lakeland's earnings per share.

Adjusted pro forma EBITDA, as defined in the agreement, for the twelve months ended December 2007 was approximately USD$1.9 million. Sales for this period were approximately USD$10.3 million with gross margins reaching 50%.

Qualytextil, based in Salvador Bahia, Brazil, was founded in 1999 and serves the Brazil Protective Clothing market in the following areas: firemen's turnout gear, conductive and electric arc garments, chemical protective garments, occupational, multilayer and waterproof operational garments, aluminized and molten metal lines of protective clothing.

With an in-house sales force of 20 employees and 28 outside sales representatives, it covers the entire country, selling directly to end users.

Qualytextil markets products directly to major state owned companies and agencies and the main oil and chemical companies in Brazil.


Must ReadView All

Pic: White House

Textiles | On 23rd May 2022

President Biden, 12 Indo-Pacific partners launch IPEF in Tokyo

US President Joe Biden along with a dozen initial partners—India,...

Pic: Shutterstock

Textiles | On 23rd May 2022

UK & Mexico begin negotiations on modern trade deal

UK and Mexico have launched negotiations on a new UK-Mexico Free...

Pic: Shutterstock

Textiles | On 23rd May 2022

Turkiye, UAE sign preliminary deal to boost trade, business

UAE federal export credit agency Etihad Credit Insurance (ECI)...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under own supervision

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Sustainable and eco-friendly fibres remain in the minority

Aseem Chitkara,

Aseem Chitkara

Zetwerk Manufacturing Businesses Pvt Ltd is the largest global...

Manuel Martos,

Manuel Martos

Nextil Group is one of the world’s largest knitted and elastic fashion...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Silverio Baranzano, Fitesa

Silverio Baranzano
Fitesa

Fitesa is a leader in the nonwoven fabrics industry, specialising in...

Frank Heislitz, Freudenberg

Frank Heislitz
Freudenberg

Freudenberg Performance Materials is a leading global manufacturer of...

Reynu Taandon, Label Reynu Taandon + Nikhita

Reynu Taandon
Label Reynu Taandon + Nikhita

Renowned womenswear designer <b>Reynu Taandon </b>has been serving the...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Gavin Miguel, Label Gavin Miguel

Gavin Miguel
Label Gavin Miguel

Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Zünd Systemtechnik AG
Eurofins BLC Leather Technology Centre Ltd
Rayonese Textile Inc., Division de Culp Inc.
THE BOMBAY DYEING ;& MFG.CO. LTD
Haelixa AG
Palexpo SA
SYNERGIES HONG KONG LIMITED
Comasia Limited
Lottmann Communications
Reiter India Private Limited
DyStar India Pvt. Ltd
IDH – The Sustainable Trade Initiative
Taiwan Textile Federation (TTF)
H;&M Hennes ;& Mauritz (Far East) Ltd
Thai Acrylic Fibre Company Limited
Datatex Consulting Srl
GIOVANNI BOZZETTO S.p.A.
IIGM Private Limited
KIABI
Lifestyle
Thai Trade Center
Nandan Denim Limited
Amazon China
Gap International Sourcing Limited
Nihalani Events Management
Infor (Hong Kong) Limited
Sainsbury's Argos Asia Limited
Equinox Impex India
Target Corporation (MN)
Page Industries Limited (Bangalore)
Italian Trade Commission
Rosset ;& Cia Limited
Vianney Textil Hogar S.A. De C.V.
DuPont de Nemours, Inc.,
MAS Active / MAS Kreeda / MAS Bodyline
The LYCRA Company Singapore  Pte. Ltd
The LYCRA Company Singapore  Pte. Ltd
Color Service s.r.l.
Aquarelle Clothing Limited
ITMA Services Pte Ltd
Alison Hayes Romania
Bluestem Global Sourcing Limited
Lectra Technologies India Pvt Ltd.
Coats Digital Limited
JES MEDIA, INC
Under Armour Global Sourcing Ltd
APLF Limited
Recron Polyester from Reliance Industries Limited
NITI Aayog
Guess Europe Sagl,
Meera Dyestuff Industries
Lenzing Aktiengesellschaft - India
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
GHCL LIMITED
Bluesign Technologies Ag
Indo Tex
TÜYAP IHTISAS FUARLARI A.S.
Benetton Group
K AND D ITMACH EXPOSITIONS LLP
BIANCA
Lenzing Aktiengesellschaft
EPCH
Centric Software
Alix Partners
Aramark Uniform ;& Career Apparel, LLC
Grasim Industries Limited
Groz-Beckert East Asia LLP
Shima Seiki Mfg. Ltd.
Chico’ FAS
Seasalt Limited
John Varvatos
Sportmaster Ltd.
Tchibo GmbH
Jiangsu Yingyang Nonwoven Machinery Company Limited
Babyshop
Truetzschler India Private Limited
Helly Hansen Far East Ltd
BRINKMANN GMBH
Copenhagen Fashion Summit
Indofil Industries Limited - Specialty & Performance Chemicals Division
H. Stoll AG & Company KG
Sateri (Jiujiang) Fiber Co.,Ltd
Gloria Jeans
Marzoli Machines Textile s.r.l.
COTTON COUNCIL INTERNATIONAL
Applied DNA Sciences Inc
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Chori Company Limited
OVS Hong Kong Sourcing Ltd.
Esprit Europe Services GmbH
BIMBA ;& LOLA SL
USTER
Etam Group Strategy Hong Kong Limited
Calvin Klein
Puma
Recron Polyester from Reliance Industries Limited
The Top Form Brassiere Manufacturing Company Limited
Brückner Trockentechnik GmbH & Co. KG
Jindal Worldwide Limited
KAS Direct Sourcing
PVH Corporation
GERBER TECHNOLOGY LTD.
Phong Phu international JSC (PPJ)
BTSR International S.P.A.
Hirdaramani International Export Private Limited
Savio Macchine Tessili S.P.A.
Itema Weaving (India) Private Limited
Desigual - ABASIC, S.A.
TESCO INTERNATIONAL SOURCING LIMITED
Loris Bellini S.r.l.
Messe Frankfurt Exhibition GmbH
Midas Clothing Limited
Tommy Hilfiger
BTC Textiles LLC
Landmark Group
N9 World Technologies Private Limited
Maceton Limited
Permoda(Koaj/Armi/Pronto/Bkul)
SHAHI Exports Pvt Ltd
Officina Meccanica Dora Enrico Srl
EUROVET ASIA LTD
Flainox S.r.l.
TESTEX AG, Swiss Textile Testing Institute
International Textile Manufacturers Federation
Lacoste (Wanchai)
IKEA of Sweden AB
Dow Silicones Corporation
Lululemon Athletica Inc
Zydex Industries
Saurer Textile Solutions Pvt. Ltd.
J ;& P Coats
Mesdan SPA
C;&A Sourcing International Ltd
LC Waikiki
Weitmann & Konrad GmbH & Co. KG
Newtech Textile Technology Development (Shanghai) Company Limited
Green Fibre
NV Michel Van de Wiele
TEXVALLEY MARKET LIMITED
Inter Expo Center Ltd.
Splash
FULGAR SpA
Woolmark Services India Pvt. Ltd.
X-Rite Asia Pacific Limited (HK)
Stahl Holdings B.V.,
Vardhman Textile Ltd
IFF Media Ag - International Media Services
Tuyap Tum Fuarcilik Yapim A.S.
Pt. Peraga Nusantara Jaya Sakti
Sportswear Company Spa
Messe Duesseldorf
Brandix Lanka Limited
Abit
VNU Exhibitions Asia
Hela Clothing Pvt Ltd
China World International Exhibition Company Limited
Thermore (Far East) Ltd.
Arvind Limited
EMBEE CORPORATION
Decathlon
Istanbul Fuarcilik A.S.
Cat Tuong Real Estate Group Joint Stock Company
Boardriders Asia Sourcing Limited
Asos
International Sourcing Expo Australia
Walmart
ZAITEX spa
Colours India Inc
Kornit Digital Asia Pacific Ltd
Huntsman (Singapore) Pte Ltd
Aleph Srl
Rieter India Private Limited
Tory Burch Hong Kong Ltd
Shanghai  Aige Exhibition Service Co., Ltd
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
T.T. Limited
Xtema - Thomas Lebherz Textilmaschinen
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Gatsby Africa
Kern – Liebers Textile
Eastman Chemical Company
Datacolor AG Europe
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Gokaldas Exports Limited
Performance Days
UBM China (Shanghai)
Tradewind International Servicing
G-Star Raw C.V.
Varner AS Retail
Karl Mayer Textilmaschinenfabrik GmbH
Lisa S.P.A.
CSGIA(China Screen Printing & Graphic Imaging Association)
G.A.S. unternehmenskommunikation gmbh
Mayer & Cie. GmbH & Co. KG
FESPA (Reigate)
Groz-Beckert KG
Restoque S.A.
CGS Inc.

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search