Springfield Remanufacturing Corporation
Springfield Remanufacturing Corporation (SRC) is a thriving company of 1,200 engaged employees in 17 business units across a variety of industries, including joint ventures with partners like John Deere, Case New Holland and Navistar. Additionally, SRC maintains two venture capital incubator funds.
Today, SRC is known worldwide for an open-book culture that espouses transparency, integrity and economic literacy, which is the way all areas of the company do business and prefer to do business with others. Founder and CEO Jack Stack has pioneered, advocated for and even authored a book (Great Game of Business) on this practice and method of operating.
Since 1983, SRC has increased its stock value 292,000 percent. Over the last thirty years, investments in SRC have outperformed the stock market by 225 times. Also over the last thirty years, SRC has created 60 companies and thousands of jobs, and together, SRC companies produce a combined $450 million in annual sales.
SRC is a 100 percent Employee-Owned Company and is the oldest employee-owned remanufacturer to original equipment manufacturers (OEMs) in North America. The organization has been recognized as one of the Top 100 Companies to Work for in America. They have also been honored as a WorldBlu Most Democratic Workplace, have received the National Business Ethics Award and have earned the Business Enterprise Trust Award.