Journal Express, Knoxville, IA

Celebrations

April 1, 2013

Precision Pulley & Idler Awarded Iowa-Nebraska Chapter of the ESOP Association Company of the Year

Pella —  

 

 

 

 

Precision Pulley & Idler (PPI) has been selected by the ESOP Association’s Iowa-Nebraska Chapter as the winner of the 2013 ESOP Company of the Year.

The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOP) and the leading voice in America for employee ownership. The Iowa-Nebraska Chapter represents 40 companies in the States of Iowa and Nebraska.

Founded in 1977 and headquartered in Pella, Precision Pulley & Idler provides high-performance conveyor components. The 100 percent employee owned company takes great pride in providing unparalleled customer service. In August 2012, the company became 100 percent debt free, paying off the loan used to purchase PPI from the original owners ten years early. Precision Pulley & Idler achieved record sales and profits in the 2011-2012 fiscal year, for the second year in a row.

PPI practices a strong commitment to employee ownership and actively engages in The ESOP Association at both the Chapter and National levels.” said Rod Reinertson, Iowa-Nebraska Chapter President. “Precision Pulley and Idler is a leader in the ESOP community and we are delighted to honor them with this recognition.”

Precision Pulley & Idler will compete against a field of ESOP Companies of the Year from The ESOP Association’s 18 other state and regional Chapters for the title “National ESOP Company of the Year.” The winner of this prestigious award will be announced at The ESOP Association’s 36th Annual Conference in Washington, D.C., in May.

The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy.

 

1
Text Only
Celebrations
Features
AP Video
Motels Near Disney Fighting Homeless Problem Michigan Man Sees Thanks to 'bionic Eye' Obama to Oso: We'll Be Here As Long As It Takes Bon Jovi Helps Open Low-income Housing in Philly Pipeline Opponents Protest on National Mall Hagel Gets Preview of New High-tech Projects S.C. Man Apologizes for Naked Walk in Wal-Mart New Yorkers Celebrate Cherry Blossom Blooms SCOTUS Hears Tv-over-Internet Case Justice Dept. Broadening Criteria for Clemency Raw: MN Lakes Still Frozen Before Fishing Opener Iowa College Finds Beauty in Bulldogs High Court to Hear Dispute of TV Over Internet Raw: Man Fatally Shot During Police Standoff Stowaway Teen Forces Review of Airport Security Thousands Cross Boston Marathon Finish Line Defendant Killed by Police in Courthouse Attack Raw: Woman Accused in Babies' Deaths in Court Raw: Sinkhole Swallows Part of Fla. Yard Stowaway Stirs Concern About Airport Security
Facebook
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should more time and money be invested in Knoxville's City Parks?

Yes
No
     View Results