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Globe Newspaper Group » Alameda County, Business, Local News » Lucasey Manufacturing is SBA’s Family-Owned Small Business of the Year

Lucasey Manufacturing is SBA’s Family-Owned Small Business of the Year

Oakland firm in the same family since 1954

SAN FRANCISCO – An Oakland manufacturing plant that started in 1954 making television mounting systems has been named the Jeffrey Butland Family-Owned Small Business of the Year by SBA’s San Francisco district office which covers 13 counties in Northern California. Lucasey Manufacturing Corporation was founded by Italian immigrant Joe Lucasey when he first made a television table in his Alameda garage.

An electronics technician by trade with connections to the television industry, Lucasey heard stories of hotels complaining about unsavory guests stealing the new entertainment medium and came up with the idea of a lock and mount system to prevent the theft of TVs. Since then, the company has been the leader in the TV mounting industry and has expanded its product line to wall, ceiling and pedestal mounts, audio-visual carts and truss display systems. In the past few years, Lucasey Manufacturing has also obtained federal contracts for custom-built airport screening tables.

Joe Lucasey died in 2008, with company ownership passed on to his wife, Teresa, and their children and grandchildren. When Teresa Lucasey died last year, company ownership and management was passed to Lucasey’s two daughters and two grandsons. Today, Chuck Lucasey serves as chief executive officer, his mother Janet is vice president, and his brother Chris is head of sales. The company employs more than 50 machinists, welders, powder coaters, glass molders, technical writers, packers and administrative staff.

Though the Lucasey family had numerous opportunities to sell the company to buyers who would have moved operations overseas, the family declined. With an SBA government-guaranteed $2 million loan last year through Community Bank of the Bay, the company refinanced two high interest loans into one lower-interest loan, allowing Lucasey Manufacturing to remain in Oakland for the foreseeable future.

“No doubt about it, the loan played a key role in saving our business,” said Chuck Lucasey. “And to bounce back a year later and win the SBA award is quite an honor. We’re optimistic about sales growth and expect to remain in Oakland manufacturing reliable products for our customers.”

The SBA will honor Lucasey Manufacturing Corporation with an awards ceremony at company headquarters on Thursday, May 26, 10 a.m. Lucasey Manufacturing Corporation is located at 2744 E. 11th St., Oakland.

Written by Globe Newspapers

Filed under: Alameda County, Business, Local News

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