Mack Marks 100th Anniversary With Bonuses for Employees
Mack Group distributed $15 million in bonuses to employees to mark its 100th anniversary, allotting payouts based on years of employment and ranging from $5000 to $15,000.
Back in 1995, custom molder and contract manufacturer Mack Group began setting aside cash to mark 100 years in business, and on Oct. 16 it distributed those monies—some $15 million—to employees in all its U.S. plants. The size of the bonus varied by length of employment and ranged from $5000 to $15,000.
When Mack marked its 75th anniversary in 1995, it flew all of its employees and their families to Disney World in Florida for a four-day trip. Noting that due to COVID a trip of any kind became impossible this year, the company said the bonuses are Mack’s way of saying thank you to all Mack “co-workers” for their contribution to the Company’s success.
“Mack co-workers have gone the extra mile for Mack—it is now Mack’s turn to go the extra mile for its people,” Don S. Kendall III, President and CEO said in a release.
Kendall’s grandfather, Donald S. Kendall, co-founded Mack Molding Co. with Kenneth W. Macksey in Little Falls, N.J. in 1920. Kendall’s interest in the burgeoning field of plastics molding grew out of his work as a chemist for the Thomas Edison Cos., where he experimented with the early thermoset resins urea and Bakelite.
Still privately-held, Mack operates 11 locations throughout Vermont, Connecticut, Massachusetts, North Carolina, South Carolina, Florida and Mexico, with a total of 1.5 million-ft2 of manufacturing space. At this point the company has roughly 2500 employees in the U.S. and Mexico.
Mack Molding celebrated its 100th anniversary on Oct. 16, 2020, distributing $15 million in bonuses to its employees.
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