June 03rd, 2015

Sierra Pacific Engineering and Products is celebrating the 10th year anniversary of being a 100% employee-owned company. An employee stock ownership plan (ESOP) is an employee-owner program that provides a company's workforce with an ownership interest in the company.

As such, the employees at Sierra Pacific have a vested interest in the performance of the company. This includes developing, designing, prototyping, quoting, manufacturing, and delivering high quality products. At every step of the process, employees take to heart SPEP’s motto: “Quality and Service Taken Personally.” They have a stake in the outcome of the company’s performance and they understand that their hard work and dedication directly correlates with the company’s growth.

Being an ESOP company serves as a great motivator for employees to give their best performance and willingly subscribe to the concept that our customers are our most valuable resource. We strive to serve as we would want to be served.

Keywords: ESOP, employee stock ownership program, 10th anniversary, industrial hardware Sierra Pacific, Engineering, hinges, latches, handles
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