Cincinnati — LSI Industries Inc., a leading U.S. based manufacturer of commercial lighting and display solutions, has completed its acquisition of privately held EMI Industries for an all-cash purchase price of $50 million. EMI is one of the largest privately held retail fixture and food equipment companies in the North America.
Florida-based EMI is an award-winning metal and millwork manufacturer of standard and customized fixtures, displays and food equipment for the convenience store, grocery and restaurant industries. For more than 40 years, EMI has worked closely with customers to develop innovative custom solutions that drive in-store customer traffic, elevate brand identity and enhance the shopping experience. EMI designs and manufactures products from five production facilities across the United States.
“LSI continues to build the premier commercial lighting and retail display solutions business in North America,” says James A. Clark, president and chief executive officer. “The addition of EMI serves to broaden our product and services capabilities within retail fixtures, displays and food equipment. The acquisition positions us to further capitalize on the ongoing, multi-year investment cycle evident across the grocery, refueling/c-store and restaurant markets.”
Clark continues: “The combination represents a major step forward in our ability to serve a growing portfolio of national retail chains that value our integrated, solutions-based approach, which emphasizes quality, reliability and deep technical expertise.”
Now, as part of the transaction, LSI will welcome EMI’s more than 300 employees to LSI, while retaining EMI’s leadership team, including its president and CEO, Alan Harvill. Following the closing of the transaction, EMI will remain an independent brand, given its established commercial presence in the market. LSI anticipates EMI will become part of LSI’s display solutions segment on a reporting basis moving forward.
EMI further establishes LSI as a market-leading business of scale within the retail display solutions market. Following the successful acquisition of JSI Store Fixtures in 2021, EMI significantly expands LSI’s presence in the grocery, convenience store and QSR/restaurant verticals. The combined business provides considerable commercial and operational synergies to be realized over the next several years.
Headquartered in Cincinnati, LSI Industries specializes in the creation of advanced lighting, graphics and display solutions. The company’s American-made products include lighting, print graphics, digital graphics, refrigerated and custom displays. For more information, visit www.lsicorp.com.
SOURCE: LSI Industries