by: Ohio Employee Ownership Center, Kent State University
Source: Ohio Employee Ownership Center, Kent State University
At a time when Ohio companies are closing and the state has lost over 16% of its manufacturing jobs since the start of the recession in March 2001, 100% employee-owned Fastener Industries is celebrating 100 years in business and 25 years of employee ownership, with more than 20 years of profitability and growth since the ESOP was created. Headquartered in Berea, the firm's 200 employee-owners produce high quality weld fasteners, levelers, replacementparts for industrial lift trucks, and rivets.
Link: Fastener Industries: 25 Years of Stability and Prosperity
Publication Date: 2005-06-01