Innovance Inc. Employee Directory
Industrial Machinery ManufacturingMinnesota, United States11-50 Employees
Innovance Inc. operates as a holding company for four 100% employee-owned manufacturing firms—ALMCO, Lou-Rich, Panels Plus, and Mass Finishing. Together, these companies offer a range of industrial manufacturing capabilities, enabling the group to provide integrated solutions for various customer needs. The company is based in Albert Lea, Minnesota, and is committed to growing the value of its employee-owned structure while maintaining ties to its communities. In 2024, Innovance expanded its portfolio with the acquisitions of Filtration Solutions Ltd. and Jorgensen Conveyors, Inc.; Jorgensen Conveyors is a Mequon-based manufacturer of custom-designed conveyor equipment for the metalworking industry. These moves broaden the group’s capabilities within the industrial machinery sector and reflect a strategy to deliver broader solutions to its customers.