Protectivewear maker Lakeland Ind ready to pick Miffin Valley assets
20 Jul '05
4 min read
Michael Gallen, President of Mifflin Valley commented: "The acquisition of Mifflin Valley by Lakeland will provide an opportunity for rapid expansion of Mifflin's product lines in the market place."
"Additionally, anticipated expansion of our manufacturing capability should provide more and better opportunity for our employees. Lakeland, as a public company, can provide the working capital necessary for future growth. They are excited for the opportunities this provides for both our customers and employees," he added.
Lakeland joined the new Russell Microcap Index when Russell Investment Group reconstituted its family of U.S. indexes on June 24. Russell recently posted a membership list for the Russell Microcap at www.russell.com/US/Indexes.
Christopher Ryan, CEO, Lakeland said, "They are pleased to be among the companies added to the new Russell Microcap index. I believe our inclusion on this prestigious index highlights our success in building corporate value and will further increase Lakeland's visibility within the investment community."
The Russell Microcap Index is comprised of the smallest 1,000 securities within the small-cap Russell 2000 Index plus the next 1,000 companies based on a ranking of all U.S. equities by market capitalization. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them.
marketing@alchempro.com
