News

Contact: Jim Doutt, EBO Group, Inc.

(330) 590-8105 or info@ebogroup.com

 
EBO Group, Inc. Receives
2010 ESOP Company of the Year Award

(l-r) Ali Jashidi, CTL Enginnering and President of the OH/KY Chapter of the ESOP Association presents the 2010 ESOP Company of the Year Award to Jim Doutt, Gail Jennings, Sharma Carris and Betsy Mikalacki who accepted the award on behalf of EBO Group, Inc.

 

Powell, OH – Moving beyond its 30^th anniversary and 19 years as an employee-owned company, EBO Group, Inc., a Sharon Center, OH manufacturer, has yet another reason to celebrate.  The Ohio/Kentucky Chapter of the ESOP Association named EBO Group, Inc. as its 2010 ESOP Company of the Year.  The award was announced at the chapter’s Annual Spring Conference which was held on March 16, 2010 at the Bridgewater Conference Center in Powell, OH.  The award recognizes EBO Group for its commitment to and promotion of Employee Stock Ownership Plans (ESOP) and to the vision of the ESOP Association.  This also qualifies EBO Group to be considered for the 2010 ESOP Company of the Year on a national level at the 33^rd Annual National ESOP Conference in Washington, D.C. on May 12 and 13.

“Some companies form an ESOP just for the financial benefits. At EBO Group we are committed to the employee ownership culture by actively promoting and living the concept. The ESOP was created to ensure EBO Group’s long-term independence.  It also meant we could provide our employees with an enormous opportunity to share in both the risks and the rewards of ownership. As an owner, each employee earns a stake in the company.  We continue to invest in research and development of new products as well as supporting local and global charitable causes. We are optimistic about the future and our continued growth and success. We are keenly aware that much of our success is attributable to the fact that we are an employee-owned company with dedicated owners who understand our strategic, financial and operational issues.” said Keith Nichols, President.

As its name suggests, EBO Group, or Excellence By Owners, is a 100% employee stock ownership plan company.  Since 1990, EBO Group has been dedicated to the concept of employee-owners working toward a common goal of continuous success through excellence at every level of the operation.

EBO Group, Inc., currently with 67 employee owners, is an umbrella organization that is home to four, fully employee-owned subsidiaries: PT Tech (clutches and brakes for extreme machines); TransMotion Medical, Inc. (mobile, motorized medical stretcher-chairs); IPESsol (solar mobility devices); and eZEhybrid Drives, Inc. (electric hybrid drives).  All EBO Group employee-owners share in the rewards of the success enjoyed by each of the subsidiary companies.

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 can be found at www.ebogroupinc.com or www.esopassociation.org.