An ESOP Helps Loftness Specialized Equipment Stay True to Its Roots
On January 1st, 2020, Loftness Specialized Equipment, an agricultural equipment manufacturer based in Hector, MN, became 100% employee-owned, and in doing so, reconfirmed its longstanding commitment to the town of Hector and the community who helped make the company what it is today. Dick Loftness started the company that would eventually become Loftness Specialized Equipment…