O&P companies become ESOP
SOUTH BEND, Ind. – Midwest Orthotic & Technology Center and Surestep are now owned by their 170 employees, according to a local newspaper. The center is a full-service O&P company; Surestep manufactures, markets and sells a bracing system and complete line of products for children with developmental challenges. The owners of the company, Bernie Veldman and his wife Pam, will remain president and vice president, respectively. The Veldmans transitioned Dienen, Inc., the parent company of Midwest Orthotic & Technology Center and Surestep, to an employee stock ownership plan or ESOP on Jan. 4, the newspaper reported.