Lockrey's success has been built on the ability to deliver value to its customers. In order to accomplish this, each and every associate needed to be committed to the success of the company. In 2000, Lockrey Manufacturing became Employee Owned.


Upon completion of a year of service with Lockrey, each associate is eligible to accumulate shares as part owner of Lockrey through our Employee Stock Ownership Plan. The ESOP Plan provides a retirement savings for each associate as each participant's contributions purchase equity in the company. The shares purchased are then redeemed at retirement at the current value, plus the added value of the company.


Employee ownership works because employees see how their actions directly affect the financial success of the company as well as their own. In today's competitive global economy, businesses must maintain a workforce that is highly motivated, creative and skilled. Employee Ownership has allowed Lockrey to cultivate these traits in our employees.


Through the combination of a highly motivated workforce where over half of all profits are shared and a continuous investment in the latest manufacturing technology, Lockrey has remained a leader in the machining and fabricating markets. Today, Lockrey Manufacturing is a one stop, complete parts processing, manufacturing company.