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We are 100% Employee Owned |
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 December, 2007
A celebration was held at Teton Machinery in Payette last week when the company officially became 100% employee-owned. Before last week, the company was only 30% employee owned. Joining in on the celebration are (from left) Vern Gentry, chairman of the board of directors of Teton; Andy Oyervides, president of Teton; Jim Franklin, sales manager; Donna Peterson, board member; Rick Youngblood, Intermountain Community Bank; Kevin Coats, ICB and Marty Chacon, employee stock ownership trustee.
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High Tech Manufacturing Thriving in Payette |
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In 1981 Teton Machine Company relocated from Jackson, Wyoming to Payette, Idaho to be closer to Hewlett Packard in Boise. For the next decade or so the company quietly employed up to sixty people producing machined mechanical parts for computer printers, disc drives and a variety of other devices. During the nineties Hewlett Packard and other American manufacturers were re-engineering products to use fewer machined parts and more molded plastic and sheet metal components to drive down costs. The nineties also brought a push toward sourcing manufactured components in other countries to take advantage of lower wages. Teton struggled to find a new niche in the changing economy and suffered through some lean times and lay-offs.
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