Bandit Industries

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Bandit Industries Goes Employee Owned

Bandit Industries in Isabella County, MI, has been looking for a buyer for nearly five years. After all that time, they settled on a solution, turn the company over to their employees. The wood chipper manufacturer is shifting to an Employee Stock Ownership Plan, giving every employee shares in the company that can be paid

Bandit completes shift to employee ownership

Bandit Industry’s transition from family-to-employee ownership is complete. The highly anticipated move was completed Nov. 1, according to a press release from the company. It came after two previous attempts at ownership change failed. Over the course of the summer, ownership of the company was transitioned into an Employee Stock Option Plan. While that means

Wood waste processing leader Bandit goes 100 percent employee-owned

Bandit Industries announced on June 7 they would sell 100 percent of the company to their employees in an employee stock ownership plan (ESOP).  Under the ESOP, Bandit, a maker of woodchippers and other wood waste processors, will retain its current leadership. The announcement comes after two previous attempts to sell Bandit Industries – once to

Bandit Industries to go 100 percent employee owned

Bandit Industries – Isabella County’s eighth-largest employer – announced on Friday it would become 100 percent employee-owned.  Announcement of the change, after several years of trying to find a buyer, comes two months after the Morey family that owns the firm began a $1.4 million expansion. Owners Mike Morey Sr., Dianne Morey and Jerry Morey said