Tag Archives: Leading EDGE Awards

Owners at Work, Summer 2013–Now Available!

coverInside this issue:

  • How Risky Are Acquisition Loans for new ESOPs?
  • The 27th Annual Ohio Employee Ownership Conference: Employee Ownership: Building Jobs, Wealth & Communities
    • “Your Story Makes the Difference.” J. Michael Keeling, ESOP Association, Morning Keynote Speech
    • “Is Employee Ownership Really Worth It?” Corey Rosen, National Center for Employee Ownership, Lunch Keynote Speech
  • Ohio’s Top 50
  • Book Review: Gar Alperovitz, What Then Must We Do? Straight Talk About the Next American Revolution

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Six ESOPs Win Leading Edge Awards

The 2010 Leading EDGE Awards honor companies in Northeast Ohio that create significant value for themselves, their communities, and the region, as measured by return to shareholders, average earnings, employee compensation, and regional business support. Six employee-owned firms are among the 2010 honorees for the award, which is sponsored by Crain’s Cleveland Business and Entrepreneurs EDGE.

Delta Systems in Streetsboro is 30% employee-owned by its 180 employees through an ESOP established in 1994. The firm produces and distributes electrical switches, electronics, and FreeRein® wireless control systems, and turnkey contract manufacturing/EMS services.

Falcon Industries is a 30% employee-owned firm that established its ESOP in 2000. Headquartered in Medina, with a location in Minnesota, the firm specializes in metal fabrication of custom conveyor screws, screw flighting and machined conveyor screws for moving materials in a broad range of applications.

EBO Group Inc. and its subsidiaries PT Tech Inc., TransMotion Medical Inc., Triton Hybrid Drives Inc. and IPESsol Inc. provide products to the industrial, medical, and renewable energy markets. The ESOP was established in 1990 and the firm is now 100% ESOP owned. Located in Sharon Center, the firm has 83 employees.

Garland  Industries is a Cleveland-based 100% employee-owned ESOP established in 1986. Garland’s more than 500 employees operate out of five manufacturing facilities in OH, GA, AL, AR, and CA. Garland Industries and its 12 operational businesses specialize in high-performance manufacturing, design and installation of commercial roofing and building solutions.

Plasticolors, Inc., an employee-owned company located in Ashtabula, OH, is a leading supplier of pigment and chemical dispersions to the paint, coatings, caulk, sealants and thermoset plastics industries. Founded in 1970, the company has 125 employees. Plasticolors manufactures products for customers in the automotive, appliance, equipment, electrical, industrial, consumer, and construction markets. It is ISO 9001, ISO 14001 and ISO/TS-16949 certified.

Rable Machine is a 100% employee-owned precision machining company in Mansfield which specializes in CNC Swiss, CNC  Turning and Milling, CNC Screw Machines, with many value-added services.   The ESOP was established in 1992 and the firm has 80 employees. Rable is ISO 9001 certified.

Leading EDGE Names Six Award-Winning ESOPs

Six of the 86 winners of the Leading Edge Awards for 2010 are ESOPs. They are Delta Systems, EBO Group Inc., Falcon Industries, Garland Industries, Plasticolors and Rable Machine. The award recognizes northeast Ohio middle market companies that are highest in compensation, earnings, and local purchasing…all factors that create value for the local economy. Despite the downturn, winners showed resilience and the ability to innovate, grow and create value.

The Leading EDGE featured company this year was EBO Group, a winner in several past years. At the awards dinner, company founder Dave Heidenreich gave the keynote presentation on his companies–strategies for success through employee ownership and success sharing. Dave started an EBO or Excellence-by-Objective Process in 1984, focusing each employee on ideas for individual and company growth. He is also a longtime member of the OEOC’s Advisory Board.