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 company will explore options for its North American operations, including sale, shutdown or liquidation. It will also seek to pare its dependence on the automotive sector.

The exit follows sustained losses and worsening conditions at Lacroix Electronics, which operates in Juarez, Mexico and Grand Rapids, MI.

The division reported a EBITDA loss 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.

For the first quarter, Lacroix's electronics revenue fell 15.9% year-over-year to $125.1 million.