From Brazil to the US – this booth is buzzing for a reason!
Thirty years of experience, thousands of machines on the market, and a booth buzzing with energy…
CNC Indexing & Feeding Technologies Announces 100% Sale of Company to Employee Stock Ownership Plan (ESOP)
CNC Indexing & Feeding Technologies announces that the company is now owned by an ESOP (Employee Stock Ownership Trust), effective immediately. In the 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 CNC Indexing & Feeding Technologies’ employees and recognize that they are the drivers of the company’s success. The formation of the entity’s 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” – Jessica Presutto (sales coordinator)
More from MTDCNC
-
-
They’re ready for machine number two from the same brand!
At the Propel Advanced Aerospace Manufacturing Seminar, Ashutosh Arora catches up with Harshvardhana G of Vibrant…
-
It’s not just about the machines, it’s about the people behind them.
With a relentless drive to eliminate downtime and reduce setups, OX Manufacturing has built a shop…
-
Goodfellow helps to power TUfast Eco’s ‘down under’ challenge
Material sourced and supplied by Goodfellow is set to help the world-record breaking TUfast Eco team…
-
Sandvik Coromant Strengthens Canadian Leadership with Augusto Di Vito as Regional Business Manager for Quebec and the Maritimes!
In a significant leadership appointment, Sandvik Coromant Canada has named Augusto Di Vito as its new…
-
Sandvik Coromant Canada Appoints Dhaval Pandya as Application Specialist for Western Ontario!
In a strategic move to strengthen customer support and technical expertise in the region, Sandvik Coromant…
-
Mazak Set to Reveal Cutting-Edge Manufacturing Breakthroughs at DISCOVER 2025!
Mazak Corporation is gearing up to host its flagship event, DISCOVER 2025, from October 6–10 at…
-
Norton Motorcycles Gears Up for Global Expansion with Six New Models
Norton Motorcycles is accelerating into a bold new chapter, announcing plans to launch six new models…
-
Fifty Years of Grinding Innovation: ANCA Celebrates Milestone Anniversary with Vision Toward the Future!
ANCA CNC Machines, a pioneer in CNC tool and cutter grinding technology, is celebrating a significant…
-
Precision in Focus: United Grinding North America Gears Up for Second Annual Precision Summit 2025!
United Grinding North America is set to host the second edition of its highly anticipated Precision…