On October 10, 2017 George Risk Industries, Inc. (GRI) acquired Labor Saving Devices, Inc. (LSDI). In announcing the transaction, Stephanie Risk-McElroy, President and CEO of GRI, stated: “We are excited about adding the LSDI line to the GRI family. Over the years we have looked at a variety of companies but when Roy Bowling presented the offer to acquire, the two product lines seemed to be a natural fit. The LSDI product line complements our existing product line and will allow GRI to expand into other industries, including cable, communications, etc. We are both home grown companies with a strong commitment to quality and customer service. Mr. Bowling was an early member of the board of directors at GRI and an industry innovator. We look forward to expanding our product line and markets both state side and internationally”.
Roy Bowling, Owner and Chairman of LSDI, added: “I am pleased and proud to hand over the 35-year legacy of Labor Saving Devices, Inc. to such a high-quality company. As a former board member, I have great respect for the history and tradition of George Risk Industries, Inc. I would not have sold my business to anyone else."
Come see us at CEDIA 2017 in San Diego, Booth #4043
Come see us at Team Summit 2017, Booth#, Gaylord Texan Resort & Convention Center, Grapevine, TX.
Come see us at CEDIA 2017, Booth# 4043, San Diego Convention Center, San Diego, CA.