Cylinder and bulk tank specialist Cyl-Tec has become a 100% employee-owned company through an Employee Stock Ownership Plan (ESOP).
Employees learned about adding ‘owner’ to their titles at a company holiday party in December and the transfer of shares means they now directly benefit from the growth of the Aurora, Illinois-based company.
President Tom Bennett and his brother, Executive Vice-President John Bennett, previously owned Cyl-Tec, which was founded in 1990 by their brother, Jim, and their father, George.
... to continue reading you must be subscribed
