Siemer Milling Company Named Loyola Family Business of the Year
Published on October 11 2012 10:47 am
Last Updated on October 11 2012 11:02 am
Written by Greg Sapp
Siemer Milling Company of Teutopolis has been named Illinois Family Business of the Year by The Family Business Center at Loyola University Chicago’s Quinlan School of Business. Siemer won in the Medium category, businesses with 50-250 employees.
This year’s awards drew nearly 200 nominations in all five categories. The program recognizes exceptional Illinois-based family businesses that demonstrate a strong commitment to business development, family, and the community.
Siemer Milling Co. will be 130 years old on November 6. It conducts its business of processing wheat into flour, bran, wheat germ, and related products at plants in Teutopolis and Hopkinsville, KY. A classic American success story, Siemer was founded by immigrants and pioneers, and is now into the sixth generation of family. The company continues to grow and thrive today. Mindful of their watchwords – Respect, Trust, and Responsibility – Siemer has had a positive effect on the community over the years by providing hundreds of local residents with good job opportunities and sourcing hundreds of millions of bushels of wheat from local suppliers, as well as participating in countless local government and community efforts.
Two successful local businesses, Siemer Distributors of Teutopolis and Hodgson Mill of Effingham, were spun off from Siemer Milling under the ownership of family members. An Employee Stock Ownership Plan was established in 2000, in part to enable some family members to realize their investment, and it now owns a substantial part of the business for the benefit of employees.
President Rick Siemer said, “It’s a real honor to be recognized by Loyola as a good example of a successful family business. Family, broadly defined, is the key aspect of our lives here in Teutopolis. Siemers have worked together for generations. Friends and neighbors are like family. Many employees have been family, both close and extended, and there are employment-based relationships that are as close as family. Positive and constructive ties with many people, both inside and outside the family and the company, are critical to our success.
“We are proud to be Family and Employee Owned; to share profits with everyone here; to share information with employees so we can all do a better, more responsible job. And I’m especially happy that this commitment to a family-like culture of Respect-Trust-Responsibility has contributed to steady growth and profitability.”
The Loyola Family Business Center has conducted its Business of the Year Awards program for 19 years.