CNC Indexing & Feeding Technologies (Mason, OH) is now owned by an ESOP (Employee Stock Ownership Trust), effective immediately. In this transaction, current and future employees gain a beneficial ownership interest in the company without any personal monetary investment. The ESOP was developed to give back to employees and recognize that they are the drivers of business success. The formation of this ESOP is intended to preserve outstanding customer service through increased productivity and sense of ownership, eliminate income tax obligations to federal and state governments allowing for reinvestment of cash back into the company for future growth opportunities, and retain and recruit top talent. “From our employees to our customers, this is a win/win for everybody,” commented sales coordinator Jessica Presutto.
Combilift and Author Join Forces on New Kids’ Book
Award-winning Combilift and award-winning author, Emer Conlon, have produced a children’s storybook that features forklift heroes and teaches important values. The ‘combi-nation’ has the added benefit of educating young kids and their parents about the company’s equipment and the material handling industry.
ARCH Cutting Tools Takes Top Place in ANCA Competition
A complex, multifunctional tool measuring an inch in diameter with a long functional cutting length, the ARCH tool checked every box to win the prestigious ANCA Tool of the Year 2020.