Lakeland Industries, Inc., manufacturer of protective apparel, has agreed to acquire Brazilian protective apparel supplier Qualytextil S.A. 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.
The purchase price is USD$12.5 million. Qualytextil sales for 2007 were US$9.8 million.
Qualytextil is in the northeastern part of the country, where the State provides tax incentives, labor rates are favorable and is conveniently located to transport garments economically …
Lakeland Industries Expands in Brazil
Lakeland Industries, Inc., manufacturer of protective apparel, has agreed to acquire Brazilian protective apparel supplier Qualytextil S.A. 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.
The purchase price is USD$12.5 million. Qualytextil sales for 2007 were US$9.8 million.
Qualytextil is in the northeastern part of the country, where the State provides tax incentives, labor rates are favorable and is conveniently located to transport garments economically …
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