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Innovance Inc., founded 2004, is a 30 Privately Held in the Industrial Machinery Manufacturing industry headquartered in Albert Lea, Minnesota 56007, US.
The team focuses on Metal Fabrication, Assembly Solutions, Precision Machining, Paint Line, Contract Manufacturing, among other areas.
Innovance Inc. operates as a holding company within the industrial machinery manufacturing sector, headquartered in Albert Lea, Minnesota. The organization oversees a portfolio of four distinct 100% employee-owned subsidiaries: ALMCO, Lou-Rich, Panels Plus, and Mass Finishing. This structure unifies diverse manufacturing capabilities under a shared operational framework designed to address a wide spectrum of industrial needs. By combining these specialized services, the group provides comprehensive solutions to clients requiring varied manufacturing expertise.
The collective mission of the family of companies centers on mutual growth and community respect. A primary objective involves increasing the value of the Employee Stock Ownership Plan (ESOP) for all participating employees. This shared ownership model fosters a collaborative environment where the entities work together to maintain high standards of service and operational integrity. The organization serves customers across the industrial landscape by leveraging its unique mix of manufacturing technologies and processes. Through this integrated approach, Innovance Inc. and its subsidiaries aim to deliver reliable outcomes while strengthening their standing within the communities they serve.
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