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Tech-Etch announces sale of the company to its employees

By Lisa Eitel | September 15, 2018

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Tech-Etch, Inc. announces the sale of 100% of the company to its employees through an Employee Stock Ownership Plan (ESOP). An ESOP is a qualified defined-contribution employee benefit plan that provides a company’s workforce with an ownership interest in the company.

Tech-Etch was founded in 1966 by George E. Keeler. The company was a pioneer in the photo chemical etching process and grew in step with high-tech manufacturing industries. Today, Tech-Etch operates plants in Plymouth and Fall River, MA as well as Litchfield, MN and supplies precision engineered parts to the medical device, aerospace and instrumentation industries. Mr. Keeler stepped down in 2016 and today the company is led by President & CEO Richard A. Cammarano.

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Filed Under: Aerospace + defense, ALL INDUSTRIES, Materials • advanced
Tagged With: techetch
 

About The Author

Lisa Eitel

Lisa Eitel has worked in the motion industry since 2001. Her areas of focus include motors, drives, motion control, power transmission, linear motion, and sensing and feedback technologies. She has a B.S. in Mechanical Engineering and is an inductee of Tau Beta Pi engineering honor society; a member of the Society of Women Engineers; and a judge for the FIRST Robotics Buckeye Regionals. Besides her motioncontroltips.com contributions, she also leads the production of the quarterly motion issues of Design World.

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    • Electronics • electrical
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    • Fluid power
  • Learn
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