LACROIX to Exit North American Market by End of Year
SAINT-HERBLAIN, FRANCE – LACROIX announced plans to fully exit its North American electronics operations by the end of the year as part of a shift toward higher-potential activities in Europe and environmental solutions.
The exit follows sustained losses and worsening conditions at LACROIX Electronics, which operates in Juarez, Mexico and Grand Rapids, Michigan. The division posted negative EBITDA of approximately $14.5 million on annual revenue of roughly $151.7 million in 2024. Multiple contract losses and geopolitical uncertainty, including the risk of new US import duties, contributed to the decision.
At the beginning of the year, LACROIX’s electronics revenue fell 15.9% year-over-year to $125.1 million.
The company will explore options for its North American operations, including sale, shutdown or liquidation.
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