Safety garment maker Lakeland completes acquisition of Mifflin Valley
04 Aug '05
2 min read
Protective garments manufacturer and seller Lakeland Industries Inc announced it has closed on its previously announced contract to acquire the assets and operations and assume certain liabilities of Mifflin Valley Inc of Shillington, Pennsylvania, for an initial purchase price of $1.58 million, subject to certain adjustments after an audit. Mifflin did approximately $2.6 million of sales in 2004, and $1.5 million for the six months ended June 30, 2005.
Shillington based company Mifflin's products include Flame Retardant garments for the Fire Industry, Nomex clothing for utilities, and High Visibility Reflective Outerwear for Departments of Transportation. A complete copy of the contact will be filed as an exhibit with Lakeland's Form 10-Q for the second quarter ended July 31.
Mifflin offers a wide variety of Protective Clothing, including Vests, Outerwear, Jumpsuits, Wildland Gear and more to outfit the needs of the Fire, Police, EMS, Security, Industrial and Municipal Professional. All these and more from the people who continue to bring you Hook N Ladder Attire, the "Original Authentic Fire Clothing for Kids".
Lakeland Industries Inc located in Ronkonkoma which produces and sells a comprehensive line of safety garments and accessories for the industrial protective clothing market. Their products are sold by their in-house sales force and independent sales representatives to a network of over 800 safety and mill supply distributors.
These distributors in turn supply end user industrial customers such as chemical/petrochemical, automobile, steel, glass, construction, smelting, janitorial, and pharmaceutical and high technology electronics manufacturers, as well as hospitals and laboratories.
In addition, they supply federal, state and local governmental agencies and departments such as fire and police departments, airport crash rescue units, the Department of Defense, Central Intelligence Agency, Federal Bureau of Investigation, U.S. Secret Service and the Centers for Disease Control.
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