Rossendale: Bacup's J and J Ormerod Plc becomes worker owned | Lancaster And Morecambe Citizen
A MAJOR manufacturer has become an employee-owned business giving the workforce a vested interest in the company's future success. Rossendale-based J and J Ormerod Plc took the step after joint managing director Lee Greenhalgh decided to step back from day-to-day operations after 44 years. Following the death of owner Allan Greenhalgh in 2013, the business has been jointly owned by his children: Lee, fellow joint managing director Stephen and purchasing director Gill. Stephen Greenhalgh said: “We looked into private equity or a trade sale, but employee ownership seemed the best of b...