Adobe Stock

Benjamin Obdyke, a supplier of moisture management products, announced its transition to an Employee Stock Ownership Plan (ESOP). According to the company, the move recognizes the value and contributions of its employees, fosters a strong sense of ownership, and solidifies the company’s commitment to long-term success.

“For more than 155 years, Benjamin Obdyke has experienced remarkable growth and celebrated countless achievements thanks to the hard work and dedication of our exceptional team,” David Campbell, president and CEO of Benjamin Obdyke, said in a news release. “Recognizing the vital role our employees play in these ongoing accomplishments, Benjamin Obdyke has made the strategic decision to transition to an ESOP, aligning our structure with our values of employee empowerment and collaboration.”

By becoming an ESOP, Benjamin Obdyke employees will now have a direct stake in the company’s future and a share in its financial progress. The company said the shift reinforces its belief in sustainable growth, fostering an environment where every employee’s contributions directly impact the trajectory and success of the overall company.

“The transition to an ESOP represents an exciting new chapter in our company’s history,” Campbell said. “We firmly believe that by empowering our employees through ownership, we will unlock their full potential and drive even greater opportunity for our customers. This move underscores our long-held appreciation for the value and importance of our talented workforce and the principles of shared prosperity.”