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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.
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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
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Locations:
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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
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Assembly Facility
2611 YH Hanson Avenue
Albert Lea, MN 56007 USA
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Lou-Rich - Hayward
100 Commercial Street
Hayward, MN 56007 USA
T: 507-377-1400 F: 507-377-5368
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