Haviland Enterprises, Inc., a U.S-based distributor of specialty and commodities chemicals for water treatment, attributes its recent success to the employee-owned, employee stock ownership program (ESOP). The company anticipates that it will close the year with $200 million in revenue.
Haviland Enterprises produces water treatment products for the spa and swimming pool industry under the Haviland Pool and Spa Products division. It is home to well-known brands like Proteam, Spa Pure and Salt Support.
An ESOP (employee retirement plan) allows companies to give a percentage or all of their stock to employees through a trust. Employees can accumulate wealth through the company’s success and growth by repurchasing shares after they have finished their employment. Currently, Haviland employees have an average of nine years service. Many credit the ESOP.
Haviland was founded by J.B. Haviland, in 1934. In 1997, Haviland became a partial ESOP. The Haviland family owned 54% of the company, and the employees owned 46%. In 2012, the family sold all of its shares to the ESOP.
Haviland CEO Meg Post says, “Haviland is a reflection our ESOP culture.” “Our employees take great pride in their work and work hard to create value and benefits for our customers, employees-owners, communities, and the environment.”
Post says, “It’s extremely rewarding to build long-term and equitable wealth for all our employees.” Post says that our team is the reason for our success. They think and act like owners, and they are always looking for ways to increase growth through investment and continuous improvements.
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