ITAMCO Becomes 100% Employee-Owned

ARGOS, IN / ACCESSWIRE / October 1, 2024 / ITAMCO is pleased to announce that it has become a 100% employee-owned company through the creation of a new Employee Stock Ownership Plan (ESOP). "We're excited to become a 100% employee-owned business," said Gary Neidig, President of ITAMCO.

ITAMCO, a firm specializing in advanced manufacturing and technology, collaborates globally to deliver innovative solutions. "Employee ownership is the next step in our journey of continual improvement. Now all our employees will be true partners in our business as owners," added Neidig.

The ESOP complements ITAMCO's philosophy of seeking best practices and innovative solutions. "Our transition embodies our core values of creating, collaborating, and doing what needs to be done. Our ESOP is the best investment for our future," stated Neidig.

Under the ESOP plan, employees will earn shares in the business while working for the Company. The ESOP benefit is entirely funded by Company contributions with no out-of-pocket investment by employees. It ensures ITAMCO's independence and long-term growth.

"Becoming a 100% employee-owned business secures ITAMCO's future. We believe our employee-owned culture and benefits will help us retain talent, recruit new talent, and provide exceptional services," said Neidig.