LSI Industries Inc., Cincinnati, acquired privately held EMI Industries (EMI), Tampa, FL, a metal and millwork manufacturer of standard and customized fixtures, displays, and food equipment for the convenience store, grocery, and restaurant industries. LSI made the acquisition for an all-cash purchase price of $50 million. More than 300 employees from EMI will be joining LSI.
For more than 40 years, EMI has worked closely with customers to develop custom solutions that drive in-store customer traffic, elevate brand identity, and enhance the shopping experience. EMI serves a diverse, well-established customer base ranging in size from regional brands with several hundred site locations to national and international brands operating thousands of sites. EMI designs and manufactures products from five production facilities across the United States.
James Clark, LSI’s president and CEO, said in the press release, “The addition of EMI serves to broaden our product and services capabilities within retail fixtures, displays and food equipment. Consistent with our Fast Forward strategy introduced last year, the acquisition positions us to further capitalize on the ongoing, multi-year investment cycle evident across the grocery, refueling/c-store, and restaurant markets.
“As we bring together our complementary products, services and technologies, there are significant cross-selling opportunities that enable us to be a single-source provider to more customers throughout North America. 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.”