George Risk Industries Acquires Labor Saving Devices
George Risk Industries Inc. (GRI) announced it 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 look forward to expanding our product line and markets both state side and internationally.”