September 22, 2016 / 1:16 PM / 3 years ago

BRIEF-LSI Industries announces closure of lighting facility in Kansas City

Sept 22 (Reuters) - LSI Industries Inc :

* LSI Industries Inc. announces closure of its lighting facility in Kansas City and consolidation of its technology facility in Beaverton, Oregon

* Will record estimated restructuring costs totaling, in aggregate, between $1.1 million and $1.3 million over first, second and third fiscal quarters.

* Company anticipates that closing will occur not later than December 31, 2016.

* Expects closure of facility will result in annual net operating profit improvement and cost savings of about $1.4 million

* Taken action to consolidate its small LSI controls facility in Beaverton, Oregon into other LSI facilities by about September 30, 2016. Source text for Eikon: Further company coverage:

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