HERMITAGE, Pa. (PRWEB) June 14, 2018:  Joy Cone Co., a 100% employee owned business, is celebrating their 100 year anniversary. In honor of their 100 years of baking excellence, they are donating $100,000 to St. Jude Children's Research Hospital® in 2018 to raise awareness and help support their life-saving mission: Finding cures. Saving children.®

As Joy Cone CEO/President David George says, "At Joy Cone, we strive for the highest quality in all...


In May 2018, Ingage announced that it has completed a transaction that will transition the company to a 100% employee owned organization. With the implementation of an Employee Stock Ownership Plan (ESOP), Ingage Partners' founders will sell and transfer stock to a qualified retirement trust that will annually distribute the stock to each eligible employee.

"Ingage Partners was formed from a vision that business should operate to be a force...


Bandit Industries – Remus, MI and Isabella County's eighth-largest employer – announced on Friday it would become 100 percent employee-owned.

Announcement of the change, after several years of trying to find a buyer, comes two months after the Morey family that owns the firm began a $1.4 million expansion.

Owners Mike Morey Sr., Dianne Morey and Jerry Morey said they would sell 100 percent of the company to their 462 employees in an...


When commercial printer Hopkins Printing relocated from its south side of downtown Columbus, Ohio, location in 2000 after constructing its current, 75,000-sq.-ft. facility located on CityGate Drive, the back of the nine-acre site was intentionally left open for future expansion. That day has come.

Construction has begun on a 33,000-sq.-ft. expansion that will enable much-needed warehouse space and room to complete fulfillment projects for...


KEWASKUM — After owning and running DACO Precision Tool for more than 30 years, co-founders Randy Weber and Lloyd Kanzenback decided the best way to move forward was to give the company to the employees.

As of July 2017, the company has been 100 percent employee-owned, giving the 50 employees benefits that are no longer commonly received. The ownership comes in the form of an employee stock ownership plan.

An ESOP can work...


Ron Butt, senior partner and co-founder of ARGI Financial Group, has sold his shares in the company.

Butt agreed to allow other partners and the company's employee stock ownership plan, or ESOP, to buy him out of the company's ownership group, according to a news release. With this transaction, the ESOP now owns 28 percent of ARGI, a Louisville-based financial advisory firm.

Butt and fellow senior partner Joe Reeves started the ESOP in 2015 as a way to reward employees for the...


CLEVELAND, Ohio - What began as an annual employee summit turned into an emotional gathering culminating with bottles of beers being cracked open.

The latter was encouraged by the owners, and with good reason.

Great Lakes Brewing Co. owners Pat and Dan Conway and CEO Bill Boor saved the biggest news for the end of the off-site meeting Monday, when they told employees that the company would begin an Employee Stock Ownership Plan. The executive trio used a bit of theatrics to...


UXBRIDGE — When Robin L. LeClaire, 60, first started working at Lampin Corp. 32 years ago, she had never pictured herself working in a machine shop with "all the oil and grease," she said.

Recently named president of the employee stock ownership plan (ESOP) company and recognized by the Worcester Regional Chamber of Commerce in March, Ms. LeClaire is the company's first woman president and is finally getting to meet the customers she has...


Cathy Burch and her twin sister Deborah began working 27 years ago, at the age of 19. Cathy took a job at WinCo, a supermarket chain. Her sister went to work at a telephone company. Cathy stayed at WinCo; Deborah moved around. By 2014, an article in Forbes reports, Deborah had about $30,000 in retirement savings, fairly typical for her age group. Cathy, who stayed at WinCo, had nearly $1 million saved for retirement.

WinCo, it turns out, is employee-owned through a stock ownership plan...


PISCATAWAY, N.J.--(BUSINESS WIRE)--In companies with an Employee Stock Ownership Plan (ESOP), the average worker has accumulated $134,000 in wealth from his or her stake, according to new research by professors Joseph Blasi and Douglas Kruse of the Institute for the Study of Employee Ownership and Profit Sharing at the Rutgers School of Management and Labor Relations.

Blasi and Kruse provided research and policy analysis during the drafting of the Main Street Employee Ownership Act, a...


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