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(Transportation-News.com, November 10, 2014 ) Houston, TX — Hisco Inc., North America’s Premier Distributor of Mission-Critical Materials, proudly announces the 40th anniversary of becoming an Employee Stock Ownership Plan (ESOP) company.
In 1974, Hisco founder Paul Merriman assessed the long-term future of his fledgling distribution company. One of his foundational beliefs was that no one cares about a company as much an owner. Being a forward thinker, Mr. Merriman investigated a relatively unknown business concept called the Employee Stock Ownership Plan, or ESOP, that provides a company's workforce with an ownership interest in the company. After doing his research and due diligence, Mr. Merriman transformed Hisco into an ESOP company. Over the subsequent years, he transferred the entirety of Hisco stock to its employees. One hundred percent employee ownership is very unique among ESOP companies, as most ESOPs are only partially employee-owned.
Since becoming an ESOP company, Hisco’s stock value has increased every year thanks to the hard work of its employee-owners. Hisco’s employees are responsible for the continued success of their company. They understand that their efforts keep Hisco a profitable and growing enterprise and this not only benefits the company but, it also secures their economic future.
“More than ever, Hisco remains committed to supporting and promoting ESOPs as a method to contribute to the growth of the US economy and also enhance to the economic well-being of the US workers” states Bob Dill, President & CEO of Hisco and past President of the Southwest Chapter of the ESOP Association. “Through our active participation in the ESOP Association, we have been taking a leading role advocating the benefits of employee-ownership.”
As Hisco looks toward the future, the company and its employee-owners remain committed to continual improvement and economic growth. ESOP companies like Hisco create ever-improving business strategies and navigate leadership changes more easily than companies held by a single owner. As a result of the ESOP structure, Hisco has developed a blueprint for continued growth, prosperity and delivering its signature “fast, friendly service”!
For more information about Hisco, visit www.hisco.com or call 877-447-2650.
About Hisco
For more than 40 years, Hisco has delivered value to customers through quality products, process solutions and local inventory. Today, the international branch network includes 34 stocking locations ― 23 in the United States (including Puerto Rico), ten operated by the HiscoMex subsidiary in Mexico and one operated by HiscoCan in Canada. Precision Converting provides value-added fabrication and the AMG Division offers unique custom packaging solutions for adhesives, sealants and specialty chemicals. Hisco also offers vendor-managed inventory programs and specialized warehousing for chemicals, cold storage and logistic services.
Contact: Andy Behr, Hisco
(713) 934-1622
abehr@hiscoinc.com
Hisco, Inc.
Olivier Kunckler
713-934-1653
okunckler@hiscoinc.com
Source: EmailWire.Com 
Source: EmailWire.com
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