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Lou-Rich

Services

metal
Innovance3_RevLR_ESOP_Revesoplogo_rev

ESOP and ISO-9000. What do they mean for you?
Sure we’re a group of engineers and machinists. But we’re so much more!

The Lou Rich difference starts the moment you contact us and continues well after you receive your order. If you’ve never been treated the Lou Rich way, you’re in for a surprise! You’ll be put in touch with someone who speaks the technical language you demand and who can get your project through in half the time it takes other contract manufacturers.

That's why customers who work with us once come back again.

About Us

Single-source contract engineering and manufacturing services

LouRich is ESOP and ISO-9000. What do they mean for you?

Sure we’re a group of engineers and machinists. But we’re so much more!

The Lou Rich difference starts the moment you contact us and continues well after you receive your order. If you’ve never been treated the Lou Rich way, you’re in for a surprise! You’ll be put in touch with someone who speaks the technical language you demand and who can get your project through in half the time it takes other contract manufacturers.

That's why customers who work with us once come back again. They trust us to finish their job on time, on budget, every time.

If what we do sounds like what your looking for, we should talk. Find out what the Lou Rich difference means for your business and contact us today!


To prosper in today's global economy, companies must set themselves apart. We strive to deliver competitive advantages that help you unlock value and outperform your competition.

Lou-Rich is a leading provider of assembly contract engineering and lean manufacturing solutions to some of the world's most innovative companies. Our comprehensive engineering, manufacturing, fulfillment, and service platform is tailored to provide you the best value.

Our company is both vertically and horizontally integrated. Vertically, our capabilities include engineering, sourcing, manufacturing, welding, painting, and assembling products to satisfy your needs. On a horizontal scale, we provide a wide variety of processes to manufacture precision parts.

By developing expertise in several key industries, we provide you with innovative, timely, and cost effective solutions. We serve leading original equipment manufacturers (OEMs) in the following markets:

  • Agriculture equipment
  • Construction and building component equipment
  • Food service and production equipment
  • Industrial products
  • Medical equipment and devices

VISION Our future is being a leader of innovative solutions that drives performance for our customers, our employees, and our company.

MISSION Our commitment is to deliver engineered products and manufacturing services that help our customers win in the marketplace. We empower our people to provide products and services with outstanding quality, on-time delivery, high flexibility, and exceptional value.

VALUES
Ethical Behavior - We operate with the utmost honesty, integrity, and trust.
Customers - We strive for outstanding customer satisfaction.
Employees - We provide a work environment where people have the freedom and opportunity to succeed.
Innovation - We use creative ideas to develop exceptional products and services.
Performance - We deliver on our commitments.
Technology - We invest in advanced technologies that support our products, engineering, and manufacturing services.
ESOP and Shareholders - We deliver positive results to our employee owners and shareholders.


Key advantages for you:
  • Single-source lean manufacturing solutions
  • Accelerated product development
  • Advanced equipment, technology, and processes
  • Technical and skilled workforce
  • Customer-focused employee ownership

FAST FACTS Operate in four facilities:
  • Albert Lea, Minnesota (3)
  • Hayward, Minnesota
Lou-Rich divisions:
  • Contract Engineering and Manufacturing (lou-rich.com)
  • Exact Manufacturing (exactmfg.com)
  • Panels Plus (panplus.com)
  • Facility floor space: 400,000+ sq. ft. (37,000+ sq. m)
  • Employees: 400+
  • Annual revenue: $75+ million
  • Facilities are centrally located at intersections of major interstates for better logistics support.


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 - Acquired Exact Manufacturing division
- Became ISO 9000 registered by UL

2001 - Acquired Panels Plus division

2004 - Established Innovance, Inc. as holding company
- Acquired Almco, Inc. subsidiary

2006 - Opened assembly facility in Albert Lea, MN


Locations:

Corporate Headquarters
(Including Exact Manufacturing & Panels Plus divisions)
505 West Front Street
Albert Lea, MN 56007 USA
T: 507-377-8910 F: 507-373-7110
www.lou-rich.com
www.exactmfg.com
www.panplus.com
Corporate Headquarters
Assembly Facility
2611 YH Hanson Avenue
Albert Lea, MN 56007 USA
Assembly Facility
Lou-Rich - Hayward
100 Commercial Street
Hayward, MN 56007 USA
T: 507-377-1400 F: 507-377-5368