Plato, MN (April 27, 2016): The Pinske Edge, a premier company providing surfaces and specialized tooling for residential and commercial applications, is proud to announce they are now a 100% employee-owned company. This announcement of the Employee Stock Ownership Plan & Trust (ESOP) was made to The Pinske Edge employees at a special meeting held at the company’s headquarters in Plato, MN.
An ESOP is an employee benefit plan, which provides company stock to employees as part of their retirement benefits. As a 100% ESOP owned company, all of The Pinske Edge, Inc. stock is now held in trust by the ESOP exclusively for the benefit of The Pinske Edge 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. Establishing an ESOP achieves a couple of Tom’s goals for the company. First, he wants to reward his employees, many of whom have been with the company for more than 20 years; second, he wants to ensure that the company headquarters remains in Plato, MN, where his family has deep roots.
“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% employee owned company, we are able to create a company-wide culture of employee empowerment and responsibility.”
The Pinske Edge has a history that goes back over 100 years. The Pinske Edge founder, Tom Pinske, comes from a long line of innovators who have been serving the building trade since the late 1800’s. Since 1987, The Pinske Edge has been a solid surface countertop fabricator, cabinetry reseller, design center, and solid surface tool manufacturer. In 2014, Ultimate Surfaces, a fabrication facility for granite, marble, and engineered quartz was opened in Rochester, MN. Both locations will continue to provide the outstanding products and customer service that residential and commercial clients have come to know and expect.