KRB REBAR EQUIPMENT
REBAR FABRICATION RESOURCES
Rebar Fabrication Resources for rebar bending, rebar cutting, shearlines and automatic stirrup benders
KRB Machinery Announces New Ownership Through Employee Stock Ownership Plan (ESOP)
Wrightsville, PA February 16 – KRB Machinery, a leading manufacturer of rebar fabrication machinery, is excited to announce that it has transitioned to 100% employee ownership through an Employee Stock Ownership Plan (ESOP). This significant move empowers employees, continues to foster a culture of ownership, and positions the company for continued success in the future.
“We are excited to announce this important milestone in KRB Machinery’s history,” said Nathan Kauffman, President & CEO of KRB Machinery. “Since 1986, our employees have been a driving force behind our success. By transferring ownership to them, we are recognizing their dedication and contributions to our success and are confident that this will fuel even greater innovation and growth in the years to come.”
An ESOP is a retirement plan that allows employees to gradually acquire ownership shares in the company over time. This provides employees with a vested interest in the company’s success.
“Becoming employee-owned is a really exciting opportunity for many of us at KRB Machinery,” said Dominick Particelli, Area Sales Manager at KRB Machinery. “We are now not just employees, but we are owners. This gives us a real stake in the company’s future, and we are excited to contribute to its continued success.”
The transition to employee ownership is a testament to KRB Machinery’s commitment to its employees and its long-term vision of servant leadership. The company is confident that this move will solidify its position as a leader in the rebar fabrication machinery industry and create even greater value for all stakeholders.