AceCo is now an Employee-Owned (ESOP) Company
Contact Information:
The Ace Company, Inc. DBA AceCo Precision Manufacturing
Jason Wendland, Sales Manager
208-955-7450
AceCo Precision Manufacturing announces that it is now an Employee-Owned Company
FOR IMMEDIATE RELEASE
Boise, Idaho January -, 2012 – AceCo Precision Manufacturing (“AceCo”) is pleased to announce that it became an Employee-Owned company (“ESOP”) as of November 1, 2011 when the AceCo ESOP acquired 100% of the company from long-term Boise residents Raliegh Jensen and William “Bill” Moynihan. AceCo has been privately owned since 1960.
Raliegh and Bill agreed that transferring their shares to the AceCo ESOP was the best way to ensure the continued success of AceCo for the benefit of its employees, clients, and the Idaho economy as well as allow employee-owners to gain shareholder equity in the company. Raliegh will continue to serve as Chairman of the Board of AceCo and Bill will continue as CEO.
Bill commented, “Given the ultra-competitive nature of our markets we wanted to create a team of employee-owners who manage and motivate themselves and others for great returns and rewards in the markets we serve”.
AceCo Precision Manufacturing is a diversified solutions provider of precision CNC machined components for multiple industries. Our focus for over 25 years has been high-tech industries such as Semiconductor, TFT-LCD, and Solar; and we are continually expanding our capabilities and certifications to serve a wider audience of industries seeking complex, high-quality, and competitive machining solutions.
For more information please visit our website at www.acecoprecision.com