LSI Industries Inc. (NASDAQ: LYTS) announced a strategic partnership with Carter Thermal Industries Group to become the exclusive partner for Carter's refrigerated display and store solutions throughout the United States and Canada, effective May 28, 2026.

Under the agreement, LSI will market, manufacture, sell, and support refrigeration systems designed by the UK-based Carter, which was founded in 1945 and specializes in large-scale refrigeration installations for retail food environments. The partnership expands LSI's offerings into remote refrigeration systems, where centralized cooling systems regulate multiple cold-storage and merchandising cases.

LSI plans to produce co-branded remote refrigeration units across its existing North American manufacturing footprint of 23 facilities in the U.S. and Canada. The company currently offers primarily self-contained refrigeration systems and employs approximately 3,000 people.

"Our strategic partnership with Carter provides LSI with an immediate, capital-light entry point into the remote refrigeration market, as we continue to build our integrated retail branding solutions platform across North America," said Jim Clark, President and Chief Executive Officer of LSI Industries.

Chris Hufflett, Group Chief Executive Officer at Carter Thermal Industries Group, said the companies share "a common commitment to quality, innovation, customer service, and long-term partnership."

The Cincinnati-based LSI manufactures lighting, graphics, and display solutions and trades on NASDAQ under the symbol LYTS. Carter Thermal Industries supports customers across retail, commercial and industrial sectors with refrigerated retail solutions and refrigeration systems.