Alto-Shaam is set to pay a record $4m in bonuses to its staff after posting its highest ever turnover and profits in 2018.
The move comes as it prepares to expand its headquarters and manufacturing facility in Menomonee Falls, Wisconsin, in the coming weeks.
Employees from around the world will get a share of the annual gain-sharing bonus in the same way that a dividend is paid to shareholders.
It adopted the programme 11 years ago to reward employees for their collective success and hard work.
The privately-held company, which is represented in the UK by FEM, has been on a steep growth trajectory during the last decade, with sales between 2010 and 2018 growing at three times the rate of the foodservice industry, according to the business.
Alto-Shaam offers a breadth of solution-based products that offer unique technology, including original cook and hold ovens, exclusive Vector multi-cook ovens and Combitherm combi ovens.
“Living our vision, mission and values has helped us achieve continued success when the foodservice industry as a whole is experiencing slow to no growth,” stated president and COO Steve Maahs. “We broke a number of Alto-Shaam records in 2018, beginning the year with a record first quarter that paved the way for an exceptional year.”
Back in 2010 Alto-Shaam employed 291 people, but that figure now exceeds 500.
“As a family company, we believe in investing in our worldwide team,” Mr Maahs said. “Our people are the key to our success. I am proud of our employees for working together to provide our customers with the highest quality products and services.”
Meanwhile, the firm is set to expand its headquarters and manufacturing facility in Menomonee Falls, Wisconsin, at the beginning of spring.
The first phase of the project includes a south expansion of its facility that will house finished goods, warehouse and engineering. The expansion will free up space for new, state-of-the-art technology on the existing manufacturing floor.
The second phase of the project will include the construction of a new central lobby, space for employees and renovated office buildings.