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Lacy Distribution Inc history
Lacy Distribution Inc company history timeline
Edna Lacy retired from the day-to-day operations in 1983, handi ng over the reins to her son, Andre.
The original business was sold in 1984, and subsequently the organization morphed into a closely-held investment/operating company known as Lacy Diversified Industries (LDI, Ltd.), specializing in “value-added distribution businesses,” headquartered on the Circle in downtown Indianapolis.
Dooms, Tracy, "Coming on Board?," Indianapolis Business Journal, March 11, 1991.
Two years later in 1991, the Tucker Rocky subsidiary acquired MS Racing, a leading off-road motorcycling distributor and apparel brand based in Riverside, California, for  6;1.7 million though bankruptcy court.
As Thompson's sales rose, its stock nose-dived, falling from $19.50 per share in June 1995 to $2.75 in April.
After being founded in 1996, the investment firm went on an aggressive buying spree, acquiring dozens of consumer product brands.
By comparison, in 1996, FinishMaster reported net income of  6;700,000 on revenue of $125 million, while Thompson posted $ 1.1 million on sales of $178 million.
Eckert, Toby, "Mayor Starts Selling Biz on Pacers," Indianapolis Business Journal, March 17, 1997.
In 1998, LDI's power sports distributor Tucker Rocky announced an ove rhaul of its warehouse distribution network.
Fields cookies, Reef sandals, Skateboard World Industries, and others. For example, it had sold its first venture, Major Video Concepts, in 2000 after riding the consumer market for home-videos from the beginning to almost the end.
In September, 2003 FinishMaster expanded into ten new markets with th e acquisition of Germany-based BASF Corporation, which had operated u nder the name Automotive Refinish Technologies.
"Investment Firm Swander Pace Picks Up Answer," Retailer & Industry News, March 15, 2004.
Meyers Sharp, Jo Ellen, "Major Firms Expanding Operations in Region 7," Indianapolis Business Journal, May 24, 2004.
Lacy retired as CEO in 2007, he remains board chairman.)
© 2012 Hoosier History Live! All rights reserved.
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