Lou-Rich started as a Tool and Die shop in 1972, founded by Louis Larson and Richard Ackland in Southern Minnesota. After four decades of service, our values have remained the same...we take pride in treating customers right the Lou-Rich way!
Mission – The dedication and expertise of our employee-owners builds long term customer partnerships by providing innovative and timely value added solutions
Vision – 100% Employee Owned giving 100% to become the premier supply chain provider
Core Values –
- Conduct business with integrity and respect.
- Maintain a positive, challenging workplace and a healthy work-life balance.
- Sustain a safe and secure working environment through a collaborative culture.
- Broaden employee job skills with professional development, education and training.
- Embrace innovation and technology to deliver exceptional performance for our customers.
- Operate with social responsibility to our community and the environment.
We are an 100% Employee Owned company specializing in Contract Manufacturing and Project Support. Located in Albert Lea, Minnesota, we believe in providing our customers with best-in-class service as well as committing to satisfy every customer need.
We believe in not just helping our customers solve problems, but finding them first. Our project teams use their honest, but friendly technical expertise from day one to put customers on the right track. Here at Lou-Rich we are known for being "Problem Finders", we are superior in the skill of listening to customer needs, and we are internationally recognized for our top level service.
It all starts with the customer!
That's why we believe in ensuring our first step is going the extra mile to connect with each and every one of our customers.
With our strategic customer approach, you’ll quickly notice the Lou-Rich difference.
|1972 ||Lou-Rich Machine Tool, Inc. founded by Louis Larson and Richard Ackland in Hayward, MN |
|1989 ||Acquired Albert Lea facility and established headquarters |
|1992 ||Formed ESOP (employee ownership) |
|1993 ||Name changed to Lou-Rich, Inc. |
|1998 ||Became ISO 9000 registered by UL |
Acquired Exact Manufacturing division
|2004 ||Established Innovance, Inc. as holding company |
Acquired Almco, Inc. subsidiary
|2006 ||Opened assembly facility in Albert Lea, MN |