Reell Manufacturing: A Successful Employee-Owned Niche Manufacturer With A Proven Plan
Founded in 1970, Reel Precision was simply a small manufacturer of hinges and electric clutches. Their primary goal was to manufacture top of the line products while cultivating a rewarding, productive workplace environment.
Today, this employee-owned company is truly the realization of the founders’ hopes and hard work. In fact, Reell’s employee-satisfaction survey score is three times that of most manufacturers and the appraised value of the ESOP has risen 400% in the last ten years. Companies founders, Bob Wahlstedt and Lee Johnson, are proud that Reell employee-owners work hard, have a voice, and share in the profits of a successful niche manufacturer.
Written by Neal St. Anthony of the Star Tribune