Rable Machine Inc. (Mansfield, OH)
Rable Machine in Mansfield honored for employee ownership discusses how Rable Machine Inc., a 100% ESOP-owned Ohio manufacturer of precision machined parts and assemblies has been recognized for creating substantial value through a combination of company earnings and employee compensation:
Rable Machine Inc., a local manufacturer of precision machined parts and assemblies, has been named a "Top 25 in Growth" in 2008 among 95 Leading Edge Award winners in 17 northeast Ohio counties...According to Owners at Work, a Kent State University publication, "Rable has grown aggressively in the last three to four years and invested $3 million in new technology supported by the adoption of lean manufacturing and cellular manufacturing philosophies. In 2008 alone, four new high tech turning centers have been purchased, installed and currently producing precision parts. The firm is an employee stock ownership plan company that is 100 percent owned by its 72 employees."
"None of our efforts toward growth and change would have worked without the involvement of the people who work here," said CEO Scott Carter in the Owners at Work story. "As employee-owners, they understand the need to focus on our customers and on quality, along with the need to embrace new technologies and approaches. Because of their hard work, their learning and their commitment to mentor others, our business has skyrocketed. We have increased our business with existing customers and gained new customers too."
The Company has been an ESOP company since 1992.
Related Links:
- Lean – Lean is a business system designed to achieve maximum efficiency of resources
- Cellular Manufacturing – A workplace design that arranges the factory floor into teams or work cells
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