What is Lochard?
Established in 1945, Lochard has evolved from a traditional family-owned business into a sophisticated industrial operator. The company distinguishes itself through a unique blend of legacy expertise and advanced technological integration. Its sheet metal fabrication facility now features state-of-the-art equipment, including laser cutting systems, CNC press brakes, and precision plasma cutting technology, complemented by a dedicated paint room. This technical upgrade path allows Lochard to maintain high-quality standards while serving a diverse client base. By integrating these high-tech manufacturing capabilities with essential service divisions like plumbing and HVAC, the company maintains a robust, multi-channel revenue model that serves both commercial and residential sectors effectively.
How much funding has Lochard raised?
Lochard has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Lochard
PPP
Public-Private Partnership
What's next for Lochard?
With the successful procurement of this latest financing, Lochard is positioned to accelerate its operational efficiency and market reach. The strategic deployment of this capital will likely focus on further automating its fabrication workflows and expanding its service footprint in the Ohio region. As the company continues to prioritize customer experience as its primary shareholder value metric, the focus will remain on scaling its high-tech manufacturing output while maintaining the service-oriented culture that has defined its operations for nearly eight decades. Future growth will likely be driven by the continued adoption of Industry 4.0 standards within its fabrication division, ensuring that Lochard remains a competitive force in the regional industrial landscape.
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