Wallner Expac Becomes 100% Employee-Owned Through an Employee Stock Ownership Plan
After 62 years of expansion and growth, Wallner Expac opens its next chapter
ONTARIO, Calif. — Wallner Expac Inc. has completed a transaction to become 100% employee-owned through its newly-created Employee Stock Ownership Plan (ESOP).
All eligible employees will be granted shares of company stock each year, at no cost, allowing them to earn ownership over time through their service to the company and accumulate tax-deferred retirement wealth.
“Each employee of Wallner Expac is a trusted team member,” said Mariana Orozco, Wallner Expac president. “The founders of our company want our employees to feel that they ‘own and operate’ their own business which fosters tremendous pride resulting from owning a stake in the company. They also want our hard-working and loyal employees to benefit beyond their wages alone if they continue to help grow Wallner Expac. Together we strive to be more efficient, innovative, safe, and responsive to our clients’ needs.”
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