The employees at Vermeer Great Plains, which has locations in Kansas, Oklahoma and Missouri, now fully own the dealership through an employee stock ownership plan (ESOP).
The company believes an employee ownership structure offers a more productive environment because employees are working toward common goals and feel more of a direct impact from business success. It cites the ESOP Association, which reports 84 percent of companies who participate in an ESOP report improved motivation and productivity.
“The combination of determined employees, excellent leadership and a fresh employee-owned plan is sure to be a recipe for success and outstanding customer satisfaction at Vermeer Great Plains,” the company states.
John Deere and Wacker Neuson have announced the formation of a strategic alliance in which Wacker Neuson will begin supplying Deere with compact equipment aimed at agricultural customers.
According to a Wacker Neuson press release, the deal will allow Deere to begin selling Wacker Neuson’s Kramer brand of compact equipment at Deere dealerships. The range of machines covered by the deal include the Kramer “green line,” built for the agricultural market.
