PLATO, Mn. - The Pinske Edge, a provider of solid surface fabrication and related tooling for residential and commercial applications, is now 100 percent employee-owned. This announcement of the Employee Stock Ownership Plan & Trust (ESOP) was made to The Pinske Edge employees at a meeting held at the company’s headquarters in Plato, Minnesota.
An ESOP is an employee benefit plan, which provides company stock to employees as part of their retirement benefits. As a 100 percent ESOP owned company, all of The Pinske Edge stock is now held in trust by the ESOP exclusively for the benefit of its employees.
“I’ve been thinking about an ESOP for the last few years and I’m very happy that this has finally become a reality,” said CEO Tom Pinske.
“We are excited to become an employee owned company,” said Scott Nelson, president of The Pinske Edge. “We believe providing ownership to employees as a company benefit will lead to greater employee satisfaction, reduced turnover, and a more rewarding work experience. As a 100 percent employee owned company, we are able to create a companywide culture of employee empowerment and responsibility.”
In addition to finishing tools and tooling, Pinske Edge operates a KOMO CNC router and provides fabrication of many types of materialin addition to solid surface. "We can cut woods, laminates, melamine, plastics, foam or aluminum – from signs and letters, to the hard-to-do difficult pieces and shapes. whether it be a one of a kind prototype or a large production run," says the company. www.pinske-edge.com