CINCINNATI, June 1, 2010 (GLOBE NEWSWIRE) -- LSI Industries Inc. (Nasdaq:LYTS) today announced that it will consolidate the Dallas-based landscape and architectural outdoor lighting operations of LSI Greenlee Lighting into its Cincinnati manufacturing facility. This consolidation action, which is expected to be completed in phases over the next six months, is being taken to centralize manufacturing operations, lower costs, and improve capacity utilization in the Company's main lighting facility. The award winning product lines of Greenlee will continue to be promoted and supported in the Company's markets. Certain engineering and sales personnel will remain in Dallas. The Company believes this consolidation will accelerate its initiative of introducing LED light sources into its landscape and architectural outdoor lighting products. Efforts will be made to sub-lease the 40,000 square foot facility in Dallas which is leased by LSI Industries through February 2012. All expenses incurred in connection with this facility consolidation will be recorded as period expenses, and discontinued operations accounting treatment will not apply.
LSI Industries Announces Consolidation Of Its Dallas, Texas Manufacturing Facility
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