Mayville Engineering Company Jobs in and around Milwaukee, WI

Company:

Mayville Engineering Company
Current Opportunities (0)

Location(s):

715 South St
Mayville, WI
53050
Map Location

Phone:

(920) 387-4500

Industry:

Manufacturing / R&D (non-computer)

Size:

500 or more

Company Overview

Mayville Engineering Company, Inc. was founded in 1945 by cousins Leo and Ted Bachhuber. The original manufacturing facility was a rented garage building in a back alley off Mayville's Main Street. Total assets of the company included a few worn metal working tools, a little cash, and an abundance of grand ideas. The original letterhead bore the title "Tools, Dies, and Special Machinery." For the first fledgling years, MEC concentrated on these products as well as offering their services to the larger manufacturers in the area. Soon Leo departed for other ventures, leaving Ted and his wife Grace to breathe life into their dream.

Progress was slow in these formative years, but as the company became known for the quality of its products and the resourcefulness of its personnel, the pace quickened. Almost overnight, the company became desperate for additional production space to keep up with the growing demand for its products. MEC acquired a small warehouse adjacent to its rented garage, and later purchased a commercial building at 10 South Main Street where an office and assembly facilities could be established.

Due to continued strong growth, the company needed to expand even more. When the city offered MEC a parcel of land in its newly established industrial park, it was eagerly accepted. When the new plant was completed in 1963, it covered approximately 14,000 square feet and employed 26 people.

Since those early days, MEC has grown considerably. Today the Mayville facility covers more than 350,000 square feet and employs over 800 people. The Beaver Dam plant, completed in early 1999, is approximately 163,000 square feet and houses the Aerial Work Platform Division with about 200 associated employees.

MEC's competitive edge is clearly its imaginative, resourceful, and hard working employees. Any company can buy equipment and systems to produce parts, but they can't compete with what MEC offers its customers. Although numerous companies boast that their employees demonstrate the "pride of ownership," MEC's employees really ARE the owners.

The idea of an Employee Stock Ownership Plan was considered a risky idea in business circles in 1985 when Ted Bachhuber implemented the idea. Soon after, employees began purchasing the company out of its operating income. These facts tell the story:

· The employees currently own 91% of the company.
· No employee owns more than 1%.
· Sales have grown from $18 million to $123 million.
· Stock price per share has risen almost 500%.

A researcher for the Wisconsin Manufacturing Council recently assessed the success of the MEC Plan. "A sense of pride by the employees has played a key role in these successes. Productivity has soared since the employees assumed ownership. The company has wisely used the advantages of employee ownership to expand its operations."

Transformed from that little garage shop of 1945, today MEC's products can be found on all seven continents with some of the largest sales to Egypt, Australia, Kuwait, China, Singapore, Germany, England, and Brazil. And we're proud to say the dream Ted Bachhuber nurtured so many years ago still lives today in the hearts of Mayville Engineering Company employees.