Saginaw, MI – Last Friday, ESCA Board Member Amsted Industries hosted Ways and Means member, Rep. Dan Kildee (D-MI), at their Means Industries subsidiary in Saginaw, MI. During the tour, Rep. Kildee met with the Means Industries executive leadership team, visited the company headquarters and metal stamping plant, and discussed the benefits of employee ownership with employee-owners.
“I’m grateful to Amsted Industries for hosting me at their facility in Saginaw so I could learn first-hand the benefits of employee-ownership,” said Rep. Kildee. “Businesses like these are essential to creating jobs and growing our economy both in mid-Michigan and across the country. I applaud the investment Amsted Industries is making in its hardworking employees and its commitment to strengthening retirement savings for families in our community.”
“We are grateful for the time Congressman Kildee spent visiting our employee-owners, learning about our ESOP company and the unique value it provides our employees and community,” said Means’ President, Jeremy Holt. “We believe the ESOP structure and our employee-owners are critical to achieving our key strategies, which are driving innovation and scaling cutting edge Propulsion System and Advanced Process Technology throughout the Auto Industry.”
Amsted Industries is a diversified global manufacturer of industrial components serving primarily the railroad, vehicular, and construction and building markets. Operating under the Amsted Industries umbrella since 1962, the company meets the growing needs of a global market with 57 facilities in 11 countries across six continents. Means Industries, a subsidiary of Amsted, produces forward-thinking innovation and delivers robust engineering and manufacturing solutions to the automotive industry.