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Employee Ownership Stories

Happy Earth Cleaning Becomes the First Employee-Owned Cleaning Company in Minneapolis

Environmentally-safe cleaning company Happy Earth Cleaning LLC has become the first Employee-Owned cleaning company in Minneapolis, after Founder Marion Dunbar realized she was in need of a succession plan that reflected their “people-first” culture. “Their business philosophy recognizes the intersectionality between a happy planet, happy community, and happy people – employees and customers.” With the…

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Twin Cities Die Castings diversified into medical parts, a move that is now paying off.

One hundred-year-old Twin City Die Castings began 2020 with a teeming order book that continued into the final week of March, even after the coronavirus pandemic began shredding the U.S. economy. Over the past two weeks, customer cancellations wiped out about 25% of its April bookings, taking the month’s revenue expectations from about $4 million…

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Diversified Plastics, Inc. Receives 2019 Excellence in Employee Relations Award

MINNEAPOLIS—Diversified Plastics, Inc. (DPI), a custom plastic-injection molder and digital manufacturer of high-precision thermoplastic components, was named winner of the 2019 Plastics News Excellence in Employee Relations Award. According to Plastic News, the Excellence in Employee Relations Award is given to companies that excel in this individual category of the Processor of the Year Award.…

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2018 Business of Manufacturing: Malco Products, SBC

As an ESOP, Malco employees have a vested interest in the company’s successes, and they can learn how their department’s performance affects the bottom line. See full article

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Loftness Becomes 100-Percent Employee Owned

HECTOR, Minn. — As of January 1, 2020, Loftness Specialized Equipment, Inc. has joined an employee stock ownership plan (ESOP). Through this change, the Minnesota-based manufacturer of agricultural and vegetation management equipment is now 100-percent employee owned. See full article

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