Lakeland Industries, Inc. Announces New Management for Lakeland Brasil, S.A.
RONKONKOMA, N.Y., Sept. 25, 2013
RONKONKOMA, N.Y., Sept.25, 2013 /PRNewswire/ --Lakeland Industries, Inc.
(the "Company") (NASDAQ: LAKE), a leading global manufacturer of industrial
protective clothing for industry, municipalities, healthcare and first
responders on the federal, state and local levels, today announced the hiring
of new management for Lakeland Brasil, S.A.
(Logo: http://photos.prnewswire.com/prnh/20120611/NY21959LOGO )
Lakeland Industries, Inc. is pleased to announce that on September 16, 2013,
Mr. Eduardo Fernandes Tavarez assumed the role of President of Lakeland
Brasil, S.A., a wholly owned subsidiary of Lakeland Industries, Inc. In his
new capacity, Mr. Tavarez will be the senior executive responsible for all
aspects of Lakeland Brasil. He will report to Lakeland Industries' Chief
Operating Officer (COO) and the Vice President – International Sales.
Mr. Tavarez has prior experience in the Brazilian personal protective
equipment (PPE) market and has successfully implemented and managed customer
oriented, value added sales programs and has a proven track record of turning
around sales organizations.
"We welcome Mr. Tavarez and look forward to supporting him in his efforts to
revitalize Lakeland Brasil," said Mr. Chis Ryan, Chief Executive Office and
President of Lakeland Industries. "His knowledge of the Brazilian PPE market
and relationships with end users, distributors and suppliers, will be a
tremendous asset as Lakeland Brasil focuses on growing sales and introducing
new, value-added propositions to our customers. The addition, Mr. Tavarez will
complete the installation of an entirely new management team at Lakeland
Brasil and is indicative of Lakeland Industries' continued commitment to the
Brazilian market. The mission for Mr. Tavarez and his team is to revitalize
customer relationships, grow sales, improve manufacturing processes, delivery,
and customer service, and returning Lakeland Brasil to a position of market
Mr. Tavarez will work out of Lakeland's Sao Paulo, Brazil sales office, when
not traveling in support of the management teams efforts to improve sales and
In June 2013, Lakeland obtained a $15 million Senior Credit Facility with
AloStar Business Credit, a division of AloStar Bank of Commerce, and a $3.5
million subordinated term loan.
About Lakeland Industries, Inc.:
Lakeland Industries, Inc. (NASDAQ: LAKE) manufactures and sells a
comprehensive line of safety garments and accessories for the industrial
protective clothing market. The Company's products are sold by a direct sales
force and through independent sales representatives to a network of over 1,200
safety and mill supply distributors. These distributors in turn supply end
user industrial customers such as chemical/petrochemical, automobile, steel,
glass, construction, smelting, janitorial, pharmaceutical and high technology
electronics manufacturers, as well as hospitals and laboratories. In addition,
Lakeland supplies federal, state, and local government agencies, fire and
police departments, airport crash rescue units, the Department of Defense, the
Centers for Disease Control and Prevention, and many other federal and state
agencies. For more information concerning Lakeland, please visit the Company
online at www.lakeland.com.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Forward-looking statements involve risks, uncertainties and assumptions
as described from time to time in Press Releases and Forms 8-K, registration
statements, quarterly and annual reports and other reports and filings filed
with the Securities and Exchange Commission or made by management. All
statements, other than statements of historical facts, which address
Lakeland's expectations of sources or uses for capital or which express the
Company's expectation for the future with respect to financial performance or
operating strategies can be identified as forward-looking statements. As a
result, there can be no assurance that Lakeland's future results will not be
materially different from those described herein as "believed," "projected,"
"planned," "intended," "anticipated," "estimated" or "expected," or other
words which reflect the current view of the Company with respect to future
events. We caution readers that these forward-looking statements speak only
as of the date hereof. The Company hereby expressly disclaims any obligation
or undertaking to release publicly any updates or revisions to any such
statements to reflect any change in the Company's expectations or any change
in events conditions or circumstances on which such statement is based.
SOURCE Lakeland Industries, Inc.
Contact: Lakeland Brasil, S.A., Sao Paulo Office +55 11 3309-3011, Eduardo
Fernandes Tavarez, or Charles D. Roberson, CDRoberson@lakeland.com
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