Lakeland Industries inks distribution agreement in Australia
Maker of safety garments and accessories Lakeland Industries, Inc. (Nasdaq:LAKE) said this morning that it finalized a supply agreement with Wesfarmers Industrial and Safety for distribution in Australia.
The Ronkonkoma, N.Y.–based small cap also said it anticipates that the sales generated from this new agreement will be “significant and potentially material” to total international revenues. Shares edged down 1.68%, or $0.20, to $11.74 at 11:02 a.m. ET.
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