KI furniture sells to employees,
becomes one of nation’s largest
KI, a commercial & office furniture, casegoods, and panel
systems manufacturer, has becom fully employee-owned.
As of April 27, the company is owned through an employee stock ownership plan, or ESOP. An ESOP is a trust
fund that owns the company, in which all full-time employees
generally earn shares as part of their compensation.
“This change marks the culmination of my lifelong
dream to transform KI into an independent, privately held,
employee-owned enterprise,” said CEO Dick Resch. “It’s a pivotal moment in our company’s history -- and paves the way for
future generations of KI employees to share in the company’s
growth and success.” Resch, 80, plans to remain as CEO, but
to slowly transition out of the role. Employing over 2,000
workers, the transition makes KI one of the country’s largest
ESOP companies. KI is coming off a record year of sales - rising 13 percent to $650 million in 2017. Resch said employee
ownership will ensure that KI stays in the Green Bay area.
He also hopes that by using an ESOP system, the company’s
production and sales effort will be bolstered. https://bit.
ly/2wMrFhI – R.D.
BEADED FACE FRAMES? WE WILL TAKE YOU FROM DRAWINGS TO “DONE”. NO TAPE MEASURE NEEDED!
Toll-free: (866) 248 – 0100
proud members of:
Gemini Industries is a North American employee owned company with
manufacturing and nationwide distribution systems in place for over 50 years.
Sirca is an Italian based company and they represent the ;nest in European
coatings technology available in the world market today.
Gemini and Sirca have forged a “Partnership In Excellence” and this partnership
has evolved into a unique and superior wood ;nishings solution for your company.
for more about Gemini Industrial Wood Finishes
and Sirca Wood Coatings
or visit www.gemini-coatings.com
LOCAL PARTNER, WORLD CLASS ITALIAN TECHNOLOGY See us at
See us at IWF Booth #6546