Hatco Corporation, a 100 percent employee-owned manufacturer with locations in Milwaukee and Sturgeon Bay, Wisconsin, was recently named ESOP Company of the Year by the Wisconsin Chapter of the ESOP Association.
The ESOP Association is the largest advocacy and education association that focuses on preserving and promoting employee ownership through the Employee Stock Ownership Plan (ESOP) structure. The ESOP Association serves 2,800 employee-owned companies with 18 local Chapters. The WI Chapter of the ESOP Association serves 105 corporate and professional member companies locally.
The award was presented by executive committee member and immediate past president Sherri McDermott who cited Hatco as “an excellent example of a company committed to employee ownership.”
“They do so many things to foster ownership behavior and encourage ownership thinking,” McDermott says. “They keep employees engaged through a variety of fun and educational events, and they also find ways to give back to their community. Hatco is very active in the ESOP community at the state, regional, and national levels and has hosted six legislative visits in the last five years. We are honored to present this award to a company that does its best to provide a great workplace for their employee owners!”
Hatco is a world-class designer and manufacturer of commercial foodservice equipment that offers innovative solutions to the foodservice industry. Hatco began in 1950 and first became employee owned in 2004. The company has grown steadily through the years by product line expansion and great customer service.
Hatco will now compete against winners from the 17 other local chapters at the National ESOP Association Conference in Washington, D.C. in May. The winner will be presented with the coveted National ESOP Company of the Year Award.
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