August 2020 Business Update It appears the saying “the only constant thing in life is change”, it truer today than ever. The summer of 2020 has been a bit of a roller coaster in many ways for Lou-Rich. Our employee-owners have a done a great job of responding to the rapidly changing
We're #19 on The Fabricator's 2020 FAB 40 list! The FABRICATOR takes the information and identifies the 40 most successful metal fabricating operations on the basis of 2019 reported revenue. #19) Lou-Rich: 2019 Revenue: $60 million Headquarters: Albert Lea, MN Company Locations: 3 Employees: 300 Services: Sheet Metal Fabrication, Structural Steel Fabrication,
All Fired Up Lou-Rich has been a part of the Albert Lea, MN business community for nearly 50 years, and when approached recently about making the signage that will hang outside the new Fire Rescue station in town, we jumped at the chance to be involved. Our team was very proud and
Employee Spotlight Doug has been a member of the Lou-Rich team for 31 years. He feels that working for an employee owned company means your commitment, contributions, ideas and longevity to the company can be rewarded. He enjoys working with fellow employee owners that have a common goal of making this a
“Turning” Out to be a Special Upgrade Equipment upgrades happen all the time, in virtually every manufacturing business. But every once in awhile that upgrade is special. In March 2020 Lou-Rich took delivery of a new Doosan Twin Turret Lathe that is “turning” out to be just that – special. Lou-Rich has
In April I shared what we were doing to protect ourselves from the spread of COVID-19 and that we had seen minimal impact to our customers and orders were strong. Well, things change. We are seeing a slow down with our customers as orders are getting pushed out or in some instances even cancelled.
What is Midland Technologies? Midland Technologies, a sister company to Lou-Rich, is the leader in Valve-Less Vacuum and Vent technology for porosity control in high pressure die casting. More than 70% of all HPDC companies in the United States have used Midland products. Midland offers both standardized vacuum and venting solutions, along
Employee Spotlight Corey, has been a member of the Lou-Rich team for over 22 years. He is passionate about ensuring our customers receive a good quality product on time. He enjoys working with the various departments within Lou-Rich and feels that working for an employee-owned company means that employees have their ideas
Genesis Robotic Welding Cell Every year, Lou-Rich invests a significant amount in new equipment and this year is no exception. The company reviews options on capital equipment and makes selections on the items that will most help our customers. “We tend to prioritize new investments around automation and robotics” states Lou-Rich General
WOW! That is about the only way I can describe where we are today. First off, let me thank our customers for their commitment to Lou-Rich. We had great months for January, February and March. Thanks to our suppliers who helped us meet the needs of our customers. Then we get into the whole
