About Us

Lou-Rich Beliefs

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.

Company History

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

LOCATIONS

Exact Building

Lou-Rich Corporate Headquarters

Corporate Headquarters
(Including Exact Manufacturing)
505 West Front Street
Albert Lea, MN 56007 USA
T: 507-377-8910 F: 507-373-7110
www.lou-rich.com
www.exactmfg.com

Assembly Facility
2611 YH Hanson Avenue
Albert Lea, MN 56007 USA

Lou-Rich - Hayward
100 Commercial Street
Hayward, MN 56043 USA
T: 507-377-1400 F: 507-377-5368