Stanley LaBounty turns 40Stanley LaBounty, a Two Harbors company that specializes in hydraulic attachments, will celebrate its 40th anniversary during the first weekend in September.
By: Claire Hoffert, Lake County News Chronicle
Stanley LaBounty, a Two Harbors company that specializes in hydraulic attachments, will celebrate its 40th anniversary during the first weekend in September.
“A celebration of 40 years in our industry and in our community is a testament to our history and never forgetting where we came from,” said Steve Tarr, plant manager. “We also want to celebrate an exciting future and continued growth.”
The company, specializing in mounted, non-impact attachments, was founded by Roy LaBounty, who saw a need for a contractor’s grapple used on road projects. From there, LaBounty presented his product to contractors and at trade shows.
LaBounty began with just three employees, but the business expanded, adding new product lines along the way, such as other grapple designs, hybrid products and concrete demolition products. The Mobile Demolition Shear, in particular, recognized as an efficient and cost effective tool, helped the company find new success, Tarr said.
With 99 percent of its products manufactured in Two Harbors, Stanley LaBounty has had a great economic impact on the town.
“Stanley LaBounty works hard to provide employees with competitive wages and an array of benefits that go beyond medical and dental,” Tarr said. “We proudly employ associates that live in Two Harbors and nearby communities, thus supporting the greater Two Harbors economy,” Tarr said.
Tarr said Stanley LaBounty has not just built up a successful business but also has impacted the community in other ways.
“Roy LaBounty worked hard to provide a great working environment for the employees and expanded this attitude into the Two Harbors community in the form of scholarships and training programs in the high school,” he said.
The LaBounty Family Fund, a private fund, has provided scholarships at the Two Harbors High School, funding for welding programs at the school, scholarships in engineering and business at the University of Minnesota Duluth, and scholarships for the Bethlehem Lutheran Church to a high school senior going to college or a technical institute.
In celebration of the 40th anniversary, the company is planning on a private picnic for its approximately 115 employees with factory tours of the plant.
“This is a private celebration with our employees and their families in thanks for their hard work and commitment to making a quality product and strong customer service focus,” Tarr said. “Our division president of Stanley Infrastructure Solutions will attend an awards ceremony to recognize our long-service employees who have done a great job of growing the business over the years.”