04:37 AM EDT, 07/02/2024 (MT Newswires) -- Lakeland Industries ( LAKE ) said late Monday it has completed the acquisition of LHD Group Deutschland and its subsidiaries in Hong Kong and Australia in an all-cash transaction of about $16.3 million.

The company raised its fiscal 2025 revenue forecast to $160 million to $170 million from the prior outlook of $150 million to $155 million. Two analysts surveyed by Capital IQ expect $152.5 million.

Meanwhile, adjusted EBITDA for the fiscal year, excluding any material negative impact from foreign exchange, is expected to be $18 million to $21.5 million.

LHD Group, which employs 111 people worldwide, provides cleaning, repair and maintenance services.