Business & Investment

VRC industry leader PFlow Industries announces 100% employee ownership

PFlow Industries Inc (PFlow), an industry-leading material handling solution manufacturer, has achieved a significant milestone by completing a equity transaction to become 100% employee-owned through the Employee Ownership Plan Plan (ESOP). ..

“This transaction not only respects the legacy of founder Bob Pfreger by continuing to take pride in ownership, but also provides an opportunity to spread wealth to employee owners while being sustainable. We will drive a performance model for growth. ” Pat Koppa, President of PFlow.

The 44-year-old company’s transition to 100% employee ownership reflects the trust of company leaders in PFlow and the employee owner team’s commitment to mutual success. As a 100% ESOP company, PFlow employee owners work together to win, success is employee appreciation programs and meetings, family benefits, career development and promotion opportunities, generous retirement savings support, annual bonuses And shared through profit sharing. program.

“We believe that employee ownership is a competitive advantage in attracting talented people during times of difficult recruitment and retention. Our ESOP is for each employee owner. We offer the opportunity to directly share the successes they help create, “says Pat Koppa.

About employee holding system

The Employee Ownership Plan Plan (ESOP) is a qualified retirement benefit plan that gives employees shares in the company through share allocations. It provides a way for the company’s workforce to accumulate employees for free retirement capital.

According to the National Center for Employee Ownership, there are approximately 6,700 ESOP companies in the United States, with 14 million employees participating in the employee ownership plan.

About PFlow

Founded by Bob Pfleger in 1977, PFlow is the founder of the vertical reciprocating conveyor (VRC) industry. PFlow Industries is a custom engineer and manufacturer of VRCs for a variety of applications. VRC aims to safely and effectively move materials vertically across multiple levels for mezzanine, balconies, floor penetrations, internal and external applications, and can lift loads from just 10 pounds to over 200,000 pounds. I can do it.

PFlow also designs and manufactures Cartveyor® shopping cart conveyors that run in parallel with escalators to handle high volumes of shopping cart traffic in multi-level retail environments.

For more information, please visit www.pflow.com.

https://www.pflow.com/

VRC industry leader PFlow Industries announces 100% employee ownership

https://www.dcvelocity.com/articles/53323-vrc-industry-leader-pflow-industries-announces-100-employee-ownership VRC industry leader PFlow Industries announces 100% employee ownership

Back to top button