Lakeland Industries, Inc, a global manufacturer of protective clothing and apparel for industry, healthcare and first responders has revealed that it has completed the sale of its Decatur, Alabama warehouse property to an unrelated party.
The sale is part of the company’s previously disclosed financial and operational initiatives to streamline global operations and improve profitability.
Lakeland has commenced a search for a new upgraded warehouse, logistics and lab facility in a more strategic location to replace the Decatur facility.
The sale price was $6.1 million, less customary commissions and closing expenses. Harbert Realty Services provided brokerage and advisory services and Maynard Nexsen provided legal services for the sale.
The sale of the Decatur facility includes a short-term leaseback on one of the three property warehouses while the Company continues to explore alternative sites.
Jim Jenkins, CEO and Executive Chairman of Lakeland Industries shared: “The sale of the Decatur, Alabama facility is part of our broader operational consolidation strategy aimed at enhancing efficiency and reducing costs and this non-core asset disposition provides a meaningful cash infusion for our balance sheet.
“Combined with our previously announced closures, including the planned closures of our warehouse facility in Hull, England and Veridian manufacturing facility in Quitman, Arkansas, these initiatives are expected to streamline global operations, improve profitability and generate annual savings of approximately $1 million for the remainder of fiscal year 2026.
“Additionally, the short-term sale-leaseback transaction for the Decautur facility enhances our financial flexibility as we evaluate more strategically located facilities.
“We have further identified and are executing initiatives expected to yield an additional $3 million in annualized savings, with the benefits anticipated to materialize in the second half of fiscal 2026.
Jenkins concluded: “Looking ahead, we are highly focused on growing top-line revenue as we continue to implement operating and manufacturing efficiencies including consolidation of warehousing, logistics, and manufacturing operations globally.
“We believe these efforts will enable higher margins and build a more agile and cost-effective Lakeland in the longer term.”
Lakeland Industries Inc, has revealed that it has completed the sale of its Decatur, Alabama warehouse property to an unrelated party.
