In May of 2007, a monumental event in the history of Hatco Corporation occurred. With the stroke of a pen (actually, several pens), the employees of Hatco assumed 100% beneficial ownership of the company. As significant as this event was, it should be noted that the company started by Gordon and LaReine Hatch in 1950 remains a family corporation – only now our family is larger. Through the years, Hatco has been the home to some of the brightest minds, freest spirits, and most singular personalities in the foodservice industry.
Hatco celebrates our Employee Stock Ownership Plan (ESOP) in many ways throughout the year; from breakfast with the ESOP Trustees, to ownership luncheons, tasty treats, and ESOP t-shirts. Our ESOP status makes each employee owner appreciate his or her role and how it impacts positive change on our company and our customers.
Recently, we asked a number of our employee owners, both old and new, what being part of the ESOP meant to them. We thought their answers might interest you.
“The best part of Hatco has always been the environment. Being employee owned has helped us do things better because
everyone listens to each other. We all want to improve the process.”
“Before the ESOP, we had a really engaged corporate culture. Our focus on our customers, combined with Hatco’s ‘do a good job and have fun’ mindset made this a great place to work. Now that we’re benefiting ourselves, it’s even better because there’s a new sense of participation and permanence.”
“Employee ownership makes my job more personal, which means a lot to me.”
“I’m one of the newer people, and when I heard about the ownership program, it made me really excited to be a part of Hatco. We’re all pulling together for our customers – and ourselves.”
“It’s wonderful, and we thank David Hatch very much for making it happen.”