WASHINGTON, April 9, 2012 /PRNewswire-USNewswire/ -- The ESOP Association has presented 49 corporate members of the Association with a Silver ESOP Award to recognize their work in sustaining their ESOP (employee stock ownership plan) for 25 years or more. This year, the Silver ESOP Awards are being presented to companies that will be celebrating 25 years or more as an ESOP company in 2012.
This is the fifth year the Silver ESOP Awards have been presented by the Association. In 2008, 117 corporate members were presented with the first annual Silver ESOP Awards; 2009, 12 members; 2010, 22 members; and in 2011, 41 members were honored. To be named a Silver ESOP Award recipient, a company must be a member of The ESOP Association and have an ESOP in place for 25 years or more.
"It is my pleasure to present these 49 companies with the 2012 Silver ESOP Award for excellence in sustaining their ESOP for 25 years," said ESOP Association President J. Michael Keeling. "As recent research has shown, employees with employee stock ownership have more sustainable employment and were four times less likely to be laid off during the Great Recession than employees without employee stock ownership. Preserving locally-controlled jobs in today's global economy is more likely when employees are owners."
2012 Silver ESOP Award Recipients:AMSTED Industries, Inc., Chicago, IL Associated Integrated Marketing, Wichita, KS Austin Industries, Inc., Dallas, TX AWC Inc., Baton Rouge, LA Bay Cities Container Corp, Pico Rivera, CA Bimba Manufacturing Company, Monee, IL Bonitz of South Carolina, Inc., Columbia, SC Braas Company, Eden Prairie, MN Brookfield Engineering Labs, Inc., Middleboro, MA Bruckner Truck Sales, Inc., Amarillo, TX Burns & McDonnell Engineers-Architects, Kansas City, MO Clyde/West, Inc., Portland, OR Community Bancshares, Inc., Neosho, MO Contempora Fabrics, Inc., Lumberton, NC CPP, Inc., Mountain View, CA D. L. Evans Bank , Burley, ID Davis, Gregory & Kyle, Inc., Factoryville, PA DCS Corporation, Alexandria, VA DimcoGray Company, Dayton, OH Edney Distributing Co., Inc., Huron, SD ELS, Inc., Arlington, VA FBMC Benefits Management, Tallahassee, FL Fred Weber, Inc., Maryland Heights, MO Garland Industries, Inc., Cleveland, OH The Gazette Company, Cedar Rapids, IA Glatfelter Insurance Group, York, PA Gopher Electronics Company, Saint Paul, MN JBS United, Inc., Sheridan, IN KAPCO, Brea, CA Lerch Bates Inc., Littleton, CO Lincoln Bancorp/Lincoln Savings Bank, Reinbeck, IA Merchants Bank, South Burlington, VT Mid-State Consultants, Inc., Nephi, UT Neil H. Daniels, Inc., Ascutney, VT New England Biolabs, Inc., Ipswich, MA Nicholville Telephone Co., Inc., Nicholville, NY Oxford Construction Company, Albany, GA Pioneer Power, Inc., Saint Paul, MN Reell Precision Manufacturing Corp., Saint Paul, MN RHM Fluid Power, Inc., Westland, MI Schaedler YESCO, Harrisburg, PA Sletten, Inc., Great Falls, MT St. John Holdings, Inc., Radnor, PA Taggart & Associates, Inc., Boulder, CO Temperature Systems, Inc., Madison, WI Trachte Building Systems, Inc., Sun Prairie, WI Wallace Eannace Associates, Inc., Plainview, NY Wikoff Color Corporation, Fort Mill, SC Woodfold-Marco Mfg., Inc., Forest Grove, OR All 241 Silver ESOP Award recipients will be honored at The ESOP Association's Annual Conference in May ( May 10 – 11, 2012) and highlighted at the 21st Annual Awards Banquet held on the evening of May 9th. The ESOP Association is the national trade association for companies with employee stock ownership plans (ESOPs) and the leading voice in America for employee ownership. The core cause of The ESOP Association is the belief that employee ownership will improve American competitiveness, increase productivity through greater employee participation, and strengthen our free enterprise economy. More information: website - www.esopassociation.org and blog – www.esopassociationblog.org. SOURCE The ESOP Association