LSI Industries Acquires Canada’s Best Holdings, Expanding Turnkey Store Fixture Portfolio
Strategic Acquisition Strengthens Market Position in North America
LSI Industries (NASDAQ: LYTS) announced today that it has completed the acquisition of Canada’s Best Holdings, a leading provider of custom retail fixtures and display solutions. The acquisition marks a significant expansion of LSI’s turnkey store fixture portfolio and strengthens its position in the North American retail solutions market.
“This strategic acquisition aligns perfectly with our growth strategy and enhances our ability to serve retail clients across North America with comprehensive fixture solutions,” said James Clark, President and CEO of LSI Industries. “Canada’s Best Holdings brings valuable expertise and manufacturing capabilities that complement our existing offerings.”
Expanding Market Reach
The acquisition comes at a time when retailers are increasingly seeking integrated solutions for store environments. Canada’s Best Holdings has established a strong reputation for high-quality custom fixtures and displays, serving major retail brands throughout Canada and parts of the United States.
With manufacturing facilities in York and expanded operations in Texas, the combined entity will be better positioned to serve clients across the continent while potentially mitigating supply chain challenges and tariff concerns that have affected cross-border commerce in recent years.
Enhanced Product Portfolio
LSI Industries has been steadily expanding its turnkey offerings beyond its traditional lighting solutions. The addition of Canada’s Best Holdings significantly enhances the company’s capabilities in:
– Custom retail fixtures and displays
– Store environment design services
– Visual merchandising solutions
– Integrated lighting and fixture packages
“Retailers are looking for partners who can provide comprehensive solutions that enhance the customer experience while simplifying procurement,” noted Michael Johnson, LSI’s Chief Marketing Officer. “This acquisition strengthens our ability to deliver complete store environment solutions from a single source.”
Financial Impact and Integration
While specific financial terms of the deal were not disclosed, LSI Industries expects the acquisition to be accretive to earnings within the first year. The integration process is already underway, with key management from Canada’s Best Holdings expected to remain with the combined organization.
LSI Industries will maintain Canada’s Best Holdings’ existing manufacturing facilities and workforce, with plans for potential expansion as market opportunities develop.
“We’re excited to join the LSI Industries family,” said Robert Williams, founder and CEO of Canada’s Best Holdings. “Our combined capabilities will allow us to better serve our customers and accelerate growth in both the Canadian and U.S. markets.”
The acquisition is expected to be completed by the end of the current fiscal quarter, subject to customary closing conditions and regulatory approvals.