Issue link: https://nebusinessmedia.uberflip.com/i/889663
www.HartfordBusiness.com • October 23, 2017 • Hartford Business Journal 27 As accounting professionals, it's no surprise that we take a lot of pride in reconciling the smallest details for our clients. But it's just as important to see the big picture. We take the time to get to know our clients and understand each business, its goals, its opportunities and its threats. We think this makes us a little different. Our clients tell us it makes us better. Federman, Lally & Remis – Not Your Typical Bean Counters. See the forest. See the trees. 231 Farmington Avenue, Farmington, CT 06032 | 860-678-7100 | www.flrcpa.com FLR25_Trees_HBJ_HalfPg.indd 1 12/7/16 9:47 AM Wepco Plastics Inc. What are your most significant accom- plishments in the last year? In the past year, Wepco Plastics has made significant strides in on-time delivery of molded parts orders, achieving almost 100 percent of our targets. We are frequently re- viewing our best practices by holding Kaizen events with Connstep, a business consulting firm specializing in lean manufacturing and continuous improvement. These improve- ments have not only dramatically improved our efficiency, they have also allowed us to provide our customers with the highest- quality parts and exceptional service. I am very proud of the Wepco team for delivering in these areas. Our dedication to continuous improvement is non-wavering and is part of the Wepco Plastics culture now and in the future. How do you instill your family values in your employees? Waldo Parmelee started this company with one machine in his basement in the early 1980s. Fast-forward 30 years and we have 25 employees and a state-of-the-art, 10,000-square-foot facility. I am extremely proud of my father and his accomplish- ments, none of which would have happened if he wasn't such an incredible man and didn't have the best team possible. When you talk about family values you say words like trust, understanding, commitment; Waldo has always been fair with everyone and treated them with the utmost respect. He is a true 'class act' in every sense of the word and it is by his example that we imply these family values at Wepco Plastics. Our team is truly ex- traordinary and we wouldn't be here without their hard work and dedication that they give us each and every day. What are the top two goals for your com- pany over the next 10 years? In the next 10 years, we have several goals with the most importance being placed on continuing to grow our revenue and improve our culture. Constantly increasing revenue is important for any company. We want to add revenue and continually cut costs to improve our profits. Doing this will give us the con- fidence to proceed to invest in our team as well as new equipment, and give our employ- ees and customers the confidence that we will be in business for the next 30 years. I envision Wepco going from a $2 million to $3 million company to a $8 million to $10 million company while our focus remains on always providing a great place to work by improving the culture for the better. We spend more time at work than at home so it is very important that our team members enjoy coming to work every day. Headquarters: Middlefield Industry: Plastic Injection Molding Year Founded: 1985 Founder: Waldo Parmelee Generation Currently Running Company: Second No. of Full-Time Employees: 21 No. of Part-Time Employees: 1 Family Members Currently Employed at Company: Waldo Parmelee, Owner & Founder; David Parmelee, President, Wally's son; Michael Parmelee, Molding Manager, Wally's brother; Cara Scirpo, Shipping Manager, Wally's daughter; and David Parmelee, CNC Programmer, Wally's nephew Company Website: www.wepcoplastics.com Wepco Plastics employees pose for a photo, while a company employee tends to an injection-molding machine. FAMILY BUSINESS Awards 3rd Place Full Time Employees less than 25