About LSI Corporation of America
LSI Corporation of America manufactures the laminate casework most often specified by architects in America. LSI's products are used throughout the educational, healthcare, industrial and government markets. In June 2013, LSI Corporation of America was acquired by CoBe Capital from HNI Corporation. The valuation of LSI Corporation of America was undisclosed. Other terms of the deal were not released.
Latest LSI Corporation of America News
Mar 6, 2016
LSI Corporation of America, A Mineapolis medical casework manufacturer has been acquired by Stevens Industries, Inc. and an online auction of all machinery has been announced right after the acquisition. Stevens Industries moves into the medical casework segment, acquiring LSI Corp. https://t.co/HPYVhDrfiU pic.twitter.com/OJxfhRRXcP — WoodworkingNetwork (@WoodworkingBiz) March 2, 2016 LSI stopped its products after 48 long years in the education and medical casework business, Stevens Industries says and adds to continue the production of LSI branded product in Teutopolis, Illinois facility. The president of the Stevens Industries, Todd Wegman said that LSI had been a go-to brand for architects in the commercial casework industry since the 1970s, reports Wood Working Network . This acquisition is a huge step forward for Stevens Industries as LSI has been a well-known name in the architecturally-designed cabinetry business for many years. Many years of years of strategy and planning have led us to this point, Wegman also says, We have actively recruited talented people for sales, construction project management, estimating, product design, production, engineering and installation positions. New technology and additional production team members have increased our productivity to meet amplified order volume for table saw ,” he added. The company has also added 80 employees over the past 18 months and is believed to continue its expansion further. Lantz Cornett was added to the decorative panel sales group this year in January while Sean McWherter joined the Stevens Advantage casework and millwork division to look after works in Texas. Currently, there are 450 employees working at the Stevens Industries. Cornett looks excited to be working as the Wood Sales Representative and he stated, “I feel fortunate to work for Stevens Industries, a reputable company that takes such great care of its employees. Growing up in the area, I always thought it would be nice to work for Stevens Industries and now here I am. I am very excited to get out and meet with our customers and I look forward to the opportunities to come here at Stevens.” We are very excited to bring the LSI brand into our existing line of Stevens Advantage Casework and Millwork. Our existing dealers and sales force are excited that the product is available through Stevens Industries. Architects and general contractors can be assured their LSI product needs are in good hands with our casework, countertop and millwork solutions, stated Mike Gibson, Vice President of Sales and Marketing for Stevens Industries, Inc. LSI Corp., who announced the news regarding selling an assortment they no longer need and are currently auctioned for sale on MachineryMax.com which includes several brands including Homag, Ligmatech, Kaeser, Weima, Weeke, and Biesse, among others. The bidding starts on Wednesday March 9 at 12:00 pm CST and officially closes at 12:30 pm. Machinery can be inspected on Friday/Saturday March 4-5 from 8 am to 4 pm at LSI’s old facility at 2100 Xenium Lane in Minneapolis. Stevens Industries, founded in 1956 is also celebrating its 60th anniversary this year and is considered the largest manufacturer of commercial casework and millwork in North America. Also tipped as the leader in product design for laminated panel fabrication, the products produced are used in several branded furniture offerings throughout North America, where they are distributed. On the other hand, Lake Street Industries (LSI) started providing premium quality laminate casework and storage systems for the commercial market since 1968 and had worked for over 4 decades already before being acquired by the Stevens Industries. Having delivered over 30,000 projects throughout the country and outside, LSI developed caseworks for laboratory, health care, commercial and education applications while the company had architects and owners as their major customers. LSI was a respected brand for architects in the commercial casework industry since the 1970s, according to Todd Wegman, president of Stevens Industries. [Photo by Justin Sullivan/ Getty Images]
LSI Corporation of America Frequently Asked Questions (FAQ)
Where is LSI Corporation of America's headquarters?
LSI Corporation of America's headquarters is located at 2100 Xenium Lane, Minneapolis.
What is LSI Corporation of America's latest funding round?
LSI Corporation of America's latest funding round is Acq - Fin.
Who are the investors of LSI Corporation of America?
Investors of LSI Corporation of America include CoBe Capital.
Who are LSI Corporation of America's competitors?
Competitors of LSI Corporation of America include Tensar Corporation and 4 more.
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