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LYTS

LSI Industries

$6.47 /

+0.13 (+2.05%)

17:01
01/22/20
01/22
17:01
01/22/20
17:01

LSI Industries to sell Ohio manufacturing facility for $8M

LSI Industries announced a definitive agreement to sell its 212,000 square foot North Canton, Ohio graphics manufacturing facility. Under the terms of the agreement, the company will receive approximately $8 million in gross proceeds. The company will relocate its existing operations to a smaller, leased facility in the North Canton area, while retaining its existing workforce. Recent advancements in graphics technology, together with other productivity improvements, allowed for a significant reduction in square footage required to support the ongoing growth of the business.

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